Do professional investors really need another primer on how to analyze a set of company accounts The examples of Enron, Tyco, and the whole dot.com mania of the last bull market suggest they do.
Analysts were only too ready to suspend disbelief in the hope of currying favour with the management of latest hot IPO. And the current level of valuation on Wall Street, and the hype surrounding the Google IPO, suggest that the fever has not really been purged from the system.
My recent book 'Magic Numbers for Stock Investors', John Wiley Sons Asia, was really targeted at self-directed private investors, who wanted...
