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Ozeco's avatar

Excellent article that gets to the heart of what investing is, buying a future stream of cash flows (so you better make sure you know what profits and cash flow belongs to you!) ! Thank you for the top notch investor education content!

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Carlos Dos Santos's avatar

Hey! This articles are really helpful, thanks a lot! I've been ready for 4 years about similar topics (my background is away from finances, though I thrive reading about it) and going through Berkshire letters and so on. What book would you recommend me for developing my practical skepticism about accounting? I've gone through Valuation McKinsey as well, but they never dig really into the details. Or you are doing it by reasoning yourself? For instance, the IFRS and GAAP differences in the equity stakes. Thank you in advance :) Carlos

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