[Idea] Financial Statements & Relationship
You are an investor interested in investing in a company.
How do u determine which company to invest in?
You read companys' financial statements.
What are financial statements?
They are statements that suppose to reflect a company's
"true & fair view" of their financial position.
All right, back to human world.
You are looking for love (partner, relationship whateva).
How do u determine who to look for?
?_?
May I say, most of us, read other ppl just like FS.
Standard FS vs Relationship FS
ASSETS ASSETS
----- -----
Current Assets Current Assets
-------------- --------------
Cash Cash
Receivables Heritage Potential
Inventories @@??
Non-Current Assets Non-Current Assets
------------------ ------------------
Investments Investments
PPE (Property, Plant & Equipment) House, Car & ??
Intangibles Education
Background
Others Height (can be Liability)
Weight (can be liability)
Age (can be liability)
Sweet & Caring temper
Good-looking
LIABILITIES LIABILITIES
----------- -----------
Current Liabilities Current Liabilities
------------------- -------------------
Payables ST Credit Card debt??
Non-Current Liabilities Non-current Liabilites
----------------------- -----------------------
Loans Student Loan
Mortgages of various kinds
Provisions Possible future payments
to parents XD
Others Height (can be asset)
Weight (can be asset)
Age (can be asset)
Careless
Fiery
EQUITY EQUITY
------ ------
Contributed Equity Given by parents
Reserves @@??
Retained Profits Saving Habits
STATEMENT OF FINANCIAL PERFORMANCE
----------------------------------
Sales Salary (or from parents)
COGS Daily expenditure
Gross Profit Daily Saving
Borrowing Costs Loans repaid
Advertising Expenses Shopping Expenses
Administrative expenses Utility Expenses
NPAT Net yearly income
Extraordinary Expenditure ---@@ ??
Earnings for xx year Net Income for xx year
------------------------------------------------------------------------
um....this is very random. Any suggestions are welcomed XD
But you get the point.
Let me ask you again. How do you judge a company?
By looking at their financial statements?
-WRONG-
FS are just a starting point & guideline.
It can be manipulated - look at the big corporate collapses
such as Enron & Worldcom & various others.
They were the top recommendations by analysts - so what?
Their FS looked superb - so what?
So how do you judge a person?
By looking at those conditions that I've listed?
Do they really tell you something?
Do they really give you an inside depth of who ppl really are?
-----------------------------------------------------------------------
This is inspired by some chat & reading of various o2 postings
-----------------------------------------------------------------------
XD
Please don't ask me how to analyse a company.
The more I studied, the more I am confused.
It seems we can never beat the market (except for some very
intelligent/lucky ppl??)
Since we cannot solely rely on FS, some ppl have suggested alternative
ways (including the popular topic of triple bottomline reporting etc.).
But there's still no absolute answers.
So are relationships.
lol~ but let's pray for the best of everyone and
-WORLD PEACE- XD
--
"To love and win is the best thing.
To love and lose, the next best."
~Thackeray
--
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◆ From: 203.51.19.254
>.< I was wondering how come I typed so much and I only got $8p.
And I just found out that the amount of money you got is determined
by the length of time you spent on your posting...
So I should start my typing in ptt & not copy & paste >.<
※ 編輯: amepluie 來自: 203.51.19.254 (10/11 12:20)
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