[1940] Ch. 38 SPECIFIC REASONS FOR QUESTIONING OR REJECTING THE PAST RECORD
Edited: 4 months, 3 weeks ago
Summary: Analyzing a company necessitates a meticulous examination of the various factors that dictate its operating results. This scrutiny is particularly crucial in sectors like mining where the mine's life span, annual yield, production expenses, and selling price significantly influence the …
[1940] Ch. 37 SIGNIFICANCE OF THE EARNINGS RECORD
Edited: 5 months ago
Summary: This chapter underlines the role of a company's earnings record in security analysis, acknowledging its limitations. While historical performance can indicate future earnings, it's not invariably reliable. The chapter introduces the concept of earning power, which blends past earnings w…
[1940] Ch. 34 THE RELATION OF DEPRECIATION AND SIMILAR CHARGES TO EARNING POWER
Edited: 5 months ago
Summary: Chapter 34 investigates the link between depreciation and similar charges, and their effect on a company's earnings. Depreciation, the anticipated decrease in asset value due to wear and tear or obsolescence, can take various forms and is complex to account for. Accounting rules may all…
[1940] Ch33 MISLEADING ARTIFICES IN THE INCOME ACCOUNT. EARNINGS OF SUBSIDIARIES
Edited: 5 months, 1 week ago
Summary: In the early 20th century, there were several examples of companies engaging in questionable accounting practices. One notable case was Park and Tilford, Inc., which padded its income account by increasing the item of Good-will and Trade-marks and deducting these increases from expenses…
[1940] Ch. 32 EXTRAORDINARY LOSSES AND OTHER SPECIAL ITEMS IN THE INCOME ACCOUNT
5 months, 2 weeks ago
Summary: Chapter 32 focuses on the challenges faced in analyzing income accounts, specifically in determining whether certain losses should be classified as extraordinary or not. In the 1930s, businesses experienced significant write-downs in inventories and receivables, although the methods emplo…
君の名は Kimi no Na wa
Edited: 6 months, 2 weeks ago
< Plot> Your Name follows the story of Mitsuha and Taki, two high school students in Japan who inexplicably begin to switch bodies intermittently with each other. As they navigate each other's lives and try to communicate through notes and messages, they discover a connection that transcends time …
天気の子 Tenki no Ko
Edited: 6 months, 2 weeks ago
< Plot> Hodaka runs away from home and meets Hina, who can control the weather. They start a business together but are pursued by the police. Hina's power causes her to vanish and Hodaka spends three years on probation. When he returns, he reunites with Hina in a drowned Tokyo and promises to be w…
すずめの戸締まり Suzume no Tojimari
Edited: 6 months, 2 weeks ago
< Plot > Suzume dreams of searching for her mother and encounters Souta, who locks abandoned doors to prevent earthquakes caused by a supernatural worm. They travel across Japan with the help of Daijin, a cat keystone, to find and seal the worm's doors. Souta eventually turns into a keystone, and …
[1940] Ch. 31 ANALYSIS OF THE INCOME ACCOUNT
6 months, 2 weeks ago
Summary: The shift in investment analysis from net worth to capitalized earning power in common stocks has introduced new hazards for investors. The focus on earnings per share has become the dominant criterion in determining value, despite its highly fluctuating and manipulable nature. This has…
[1940] Ch. 29 THE DIVIDEND FACTOR IN COMMON- STOCK ANALYSIS
7 months ago
Summary: The traditional view of valuing common stock through the dividend rate clashes with corporate management principles, as companies prioritize reinvesting their earnings over paying dividends. While this policy aims to strengthen the company's financial position and increase productive capa…