A Deep Dive Into Earnings Quality with Columbia Professor Doron Nissim

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@mssharma535
Cash flow and net income the endless debate There was a company called AFGView (chicago) that kept reg flagging AAPL during 2007 to 2011, I think It made lot of bad recos for growth companies For a growing company, I will buy earnings (Stephen Penman books), not cash flow metrics Sloan's accrual anomaly as a trading strategy is dead (finished)
Comment from : @mssharma535


@mssharma535
A lot of these earnings quality is good in a normal market in 1990s and 2000s Now in the last 10 yrs due to cheap money people bid up poor quality companies and accounting is pretty much dead
Comment from : @mssharma535


@adrianknoblauch3962
Thanks! Interesting Is there a way to access the 60p presentation too? Appreciate your discussion
Comment from : @adrianknoblauch3962


@HepCatJack
One of the reasons some investors missed out on Amazon was that it invested what earnings it had back in the business so that they would be offset by expenses cancelling them out I'm not sure how something like Amazon web services would show up on the balance sheet Many also were saying that Tesla had negative cashflow which is a feature of companies on their way to bankruptcy, however they were developing a moat such as a self driving car which differentiates it from other companies that just makes EV's without the self driving feature
Comment from : @HepCatJack


@vellp7980
Thanks for the very interesting content I have always been suspicious of financial statements; now I am more suspicious I will study Nissim's monograph for more BTW, the link under Personal Research Website does not work What was it supposed to contain?
Comment from : @vellp7980

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