Financial Statement Analysis is finance related book by Fernando Alvarez and Martin Fridson, published in 1991.

“I love this book. It helps to develop the questioning mind—the mind of a financial detective. It teaches the art of skepticism and critical thinking. Readers go beyond definition and calculation and learn interpretation.”
Philip L. Cooley, PhD, Prassel Distinguished Professor of Business, Trinity University

“Over my decades of involvement with high-yield bonds, Marty Fridson has been the leading speaker of truth. As he so accurately states in Financial Statement Analysis, the credit investor is required to engage in a game of cat-and-mouse with company management’s intent on minimizing their cost of capital by putting a positive gloss on their financial statements. The Fourth Edition of Marty’s terrific book is the bible on how to detect and deal with these efforts.”
Howard Marks, Chairman, Oaktree Capital Management

(1.4 MB)