Mba Finance As an MIT student
As an MIT student, I find Reuben's book more enlightening than most of my professors.
I'm
not even halfway through my Kindle version of this book, and I'm
picking up my Macbook Air to pen this review. This book deserves more
stars!! Every undergrad or MBA student, professional, anyone seeking an
insider's guide to modern finance must buy this book. It'll even help
decipher newspaper jargon of off-balance sheet transactions, special
purpose entity (SPEs). It even highlights what ratios / which financial
statements / how major corporations today cook the books.
I wish
my professors would use anecdotes like Reuben's, because a reader will
actually *remember* them unlike most other books. Example:
"I
like to think of the income statement as the report card for the
company... However, in the world of finance, it's the student and not
the teacher issuing the grade... Companies an highlight certain items
with the hopes that Wall Street and the investor public will look
favorably upon the company based on this emphasis. Simply stated, the
problems include the following:
- Revenues do not accurately reflect what the company has collected.
- Expenses do not accurately reflect the cash that was paid. ...
The
income statement is not entirely useless. It does have its purpose in
that it reports the overall performance of the company, though often
this performance may not be actualized."
Thank you, Reuben, for helping me ace my classes with your straight-upon, clear, memorable & digestible explanations.
Mba Finance As an MIT student
No comments:
Post a Comment