Note: I thought it would be a good idea to start posting answers to questions I receive via email. I try to answer all of them but occassionally my job gets in the way…
This question refers to the video titled “Integrating Financial Statements.”
I had to share this fantastic Q&A with Charlie Munger from The Wall Street Journal. I included a few of my favorite answers below, but I would suggest just following this LINK for the full article.
I recently decided to rerecord the video titled “Overview of the Process” in the Integrating Financial Statements series. This is in an effort to reduce the amount of material posted where I sound like a robot (unfortunately I still sound a bit like a robot…).
Those interested in investing or cheeseburgers (and I would hope that covers everybody) should read this article about Burger King. It covers the rise of Andrew Schwartz from analyst at Credit Suisse First Boston to CEO of Burger King by age 32, and the drastic changes made at the company since he assumed the role. The approach taken by Schwartz has been an unprecedented departure from the industry norm. Fortunately Wall Street is a fan.
It’s always helpful to see new vocabularly in different context. And even more so if it’s interesting… Below you will find mention of the p/e ratio as it relates to valuation in international markets and corrupt government practice.