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— Mary Archer"It sounds extraordinary, but it's a fact that balance sheets can make fascinating reading."
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You have to understand accounting and you have to understand the nuances of accounting. It's the language of business and it's an imperfect language, but unless you are willing to put in the effort to learn accounting - how to read and interpret financial statements - you really shouldn't select stocks yourself
— Warren Buffett
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Accounting does not make corporate earnings or balance sheets more volatile. Accounting just increases the transparency of volatility in earnings.
— Diane Garnick
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