Updates

  1. Person pages list letters, writing, profiles and links as sortable tables with filters, and show each person's companies as links; Fund letters show each letter's description in its own column.
  2. Experts show a checked job title and a short description of each person; 30 more people have photographs.
  3. Every company, fund, university and publication the experts work for has a page listing the people there.
  4. Fund letters show each letter's thesis and filter by it; 225 person pages list the essays, columns and newsletter issues the person wrote.
  5. Person pages list every essay and newsletter issue a person wrote, and their own books as a table in List view.
  6. Recommends shows the five largest kinds of book and the rest under More; browse pictures load sooner.
  7. Podcasts and talks link the original episode, filter by Audio and video or Press, and list each publisher once.
  8. Pages are wider, Recommends has List and Grid, and a filter clicked again turns off.
  9. Book cards sit in a ruled grid with Open Library and Goodreads links and each book's one-line note.
  10. Funds is now Investors; each investor's styles are buttons that filter the table.
  11. Podcasts and talks on a person's page filter by year and publisher and show as a list or a grid of pictures.
  12. Quotes show only people's own words: 472 summaries written by list sites are gone.
  13. Country pages open from Browse again, and every link on the shelf lands on a page.
  14. Subject and person pages show their sections as tabs, and each book appears once on a person's page.
  15. Book cards show the quote, who said it and the source; grids show five cards to a row.
  16. On a phone, a menu holds the sections, search, Updates, Feedback and dark mode.
  17. Feedback takes a screenshot of the page with no browser prompt, opens a screenshot full size when you click it, and clears itself once sent.
  18. Book cards are centred, search names the topic each book sits in, and any text cut short shows whole on hover.
  19. Search groups its results by kind: people, companies, geographies, subjects, topics, books, funds, fund letters and papers.
  20. The Books table lists who recommended each book by name, and the browser tab names the section you are in.
  21. Feedback can take a screenshot of the page, or one you paste or choose, and opens in the corner beside Updates.
  22. Each rail button reopens its section where you left it, and Browse, Table and People show on every book and subject page.
  23. Filters grey out choices that hold nothing instead of hiding them, and Books › People filters by authors or recommenders.
  24. Feedback takes a subject line and up to three screenshots.
  25. Biographies are grouped by the person they are about: 41 new pages, from Abraham Lincoln to Lee Kuan Yew.
  26. Sport splits into 23 sports, and Religion into one topic per faith.
  27. Book lists show as cards: the cover, one recommendation quote and every recommender by name.
  28. Seventeen subjects that had two or three pages under different names now have one page each.
  29. Every page lists its Experts as authors and recommenders, with a link to them on the Experts tab.
  30. Economics, Financial history, Financial panics and Accounting are subjects of their own, with one page per financial crisis.
  31. Book, person and subject pages open inside the app, so the tabs stay in view.
  32. 996 more book covers, and photographs or logos for 227 more people and companies.
  33. Books › Browse shows every subject as cards, and the rail holds Fund letters, Papers, Experts, Books and Funds.
  34. Every topic over 150 books splits into narrower topics, each with a page of its own.

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EQ

Earnings quality and accounting tricks

Accounting

How companies flatter their reported profits and cash flow, and how an investor finds it, from Thornton O'glove to Howard Schilit.

Books 8Experts 2Recommenders 5

Start here

  1. Financial ShenanigansHoward M. Schilit, Jeremy Perler, 1993
  2. Quality of EarningsThornton L. O'glove, 1987
Quality of EarningsQuality of Earnings
T1 Quality of Earnings
Thornton L. O'glove · 1987
Open LibraryGoodreads

How to test whether reported earnings reflect reality, from tax books to receivables.

Recommended by: Rational Capital Investment Fund and 1 other

Financial ShenanigansFinancial Shenanigans
T1 Financial Shenanigans
Howard M. Schilit, Jeremy Perler · 1993
Open LibraryGoodreads

The tricks companies use to inflate earnings, cash flow and key metrics, by case.

“Some of my favorites include Howard M. Schilit and Jeremy Perler, Financial Shenanigans” — Michael Mauboussin

Source: Thirty Years: Reflections on the Ten Attributes of Great Investors (Credit Suisse)

Recommended by: Michael Mauboussin, Anu Hariharan

Accounting for GrowthAccounting for Growth
T2 Accounting for Growth
Terry Smith · 1992
Open LibraryGoodreads

The accounting tricks British companies used to inflate profits, firm by firm.

The Financial Numbers GameThe Financial Numbers Game
T2 The Financial Numbers Game
Charles W. Mulford, Eugene E. Comiskey · 2002
Open LibraryGoodreads
The NumberThe Number
T2 The Number
Alex Berenson · 2003
Open LibraryGoodreads

How quarterly earnings per share came to rule US companies, and what it led to.

Creative Cash Flow ReportingCreative Cash Flow Reporting
T3 Creative Cash Flow Reporting
Charles W. Mulford, Eugene E. Comiskey · 2005
Open LibraryGoodreads

How operating cash flow itself gets dressed up.

Recommended by: Mohnish Pabrai

Financial Warnings: Detecting Earning SurpriFinancial Warnings: Detecting Earning Surprises, Avoiding Business Troubles, Implementing Corrective Strategies
T4 Financial Warnings: Detecting Earning Surprises, Avoiding Business Troubles, Implementing Corrective Strategies
Charles W. Mulford, Eugene E. Comiskey · 1996
Open LibraryGoodreads

Recommended by: Mohnish Pabrai

Quality Financial ReportingQuality Financial Reporting
T4 Quality Financial Reporting
Paul B. W. Miller, Paul R. Bahnson · 2002
Open LibraryGoodreads

Recommended by: Mohnish Pabrai

More accounting

← Accounting frauds and audit failuresFinancial statement analysis →All accounting