reading a balance sheet

Why you should read the balance sheet before investing

Let’s do a quick thought experiment. Imagine that you wake up in a faraway land where people do not speak English or any other language that you are familiar with. You have to live there for the rest of your life. Can you increase the odds of your survival and prosperity by learning the local language of that place? If your answer is yes, then you will be convinced of the importance of reading a balance sheet before investing. Businesses exist to [...]