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  • Karen Berman: Financial Intelligence: A Manager's Guide to Knowing What the Numbers Really Mean

    Karen Berman: Financial Intelligence: A Manager's Guide to Knowing What the Numbers Really Mean

  • Harvard University Press: Financial Intelligence
    CFO.com "It's like The Elements of Style of finance." Book Description Understanding the Financials—and What Lies Behind Them Managers in every business are expected to use financial data to make decisions, allocate resources, and budget expenses. But the truth is, many are uncomfortable applying the most basic financial tools in their day-to-day work. Even managers who consider themselves financially savvy may not understand what goes into a financial statement, and so may take the numbers as gospel when they should be questioning them. In Financial Intelligence, Karen Berman and Joe Knight present the essentials of finance, but with an extra dimension. Succinct, easy-to-read chapters teach the fundamentals in a way that everyone can understand and put to work right away. But the authors also take you behind the scenes, to show where the numbers come from. Since nobody can quantify everything, accountants and finance executives always rely on estimates, assumptions, and judgment calls, which can skew the numbers in one direction or another. This book helps you recognize and understand those biases, challenge or correct for them when necessary, and use this information to be a better manager. Based on their work training tens of thousands of managers and employees at many leading organizations, Berman and Knight provide readers with a deep understanding of: The basics of financial measurement: reading income statements, balance sheets, cash flow statements, and moreThe art of finance: separating hard data from assumptions and estimatesThe mechanics of analysis: calculating ratios, return on investment, and working capitalCash and profit: knowing the difference between them, and why cash is suddenly the "hot" number in corporate boardrooms and on Wall StreetFinancial literacy and transparency: recognizing how they can boost performance Accessible, jargon-free, and filled with entertaining stories from real companies, Financial Intelligence will help nonfinancial managers add substantially more to their companies’—and their own—success. If you have ever wanted to "talk numbers" confidently with your colleagues, this is the book for you. (*****)
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Friday, November 26, 2004

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Comments

firstsnow

I don't really know your circumstances, but it's not that girls these days are fooled by materiality. It's just that they are used to materiality. A well educated upper middle class girl is unavoidably going to have a certain type of lifestyle. Naturally, in choosing a life partner, they will go for those whom they think can provide them with what they want.

Over a business dinner with some clients, I was astonished to hear that one of my colleagues, in his 40's, actually helped his dad tap rubber and plant paddy when he was in primary school. They had early dinners before sunset because kerosene (for the oil lamps) was expensive. He never imagined then that he would be doing what he does now, travelling to various countries doing big business deals. Now he is thoroughly middle class and his kids would have different expectations.

If I were you and had time on my side I would concentrate on my career and building wealth. This may sound crass, but it would give you leverage to negotiate better terms for your relationship later on. Supply of eligible desirable girls increases every year anyway.

For the One That Got Away, put all memories of her in a shoe box and chuck it to the farthest corner of your least used cupboard.

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