Day: July 31, 2025

A wise man once said that generally accepted accounting principles (GAAP) is where you start. It may not be the most economic way of looking at a business for various reasons. To look back at how investors could be affected by this, we always recommend “Quality of Earnings: The Investor’s Guide to How Much Money a Company is Really Making” by Thornton L. O’Glove. The author walks through multiple examples of situations where he believes investors should make adjustments when analyzing financial reports. […]