Profit and Loss Statements | Phil Town

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wow your video is as always – AMAIZING!

Love this guy! 😀

Thanks for all the valuable Videos

I'm really enoying your videos! Great, very positive and useful! Thank you.

"We're gonna estimate that EPS are $1.22… Oh, they came in at $1.20! It's the end of the world!" I laughed out loud about this. So crazy that this is actually what's going on out there!! Thanks again for the video, Phil.

I dont understand cruel accounting due to a point. Showing good number of sales and and earning won't result in extra tax?

Thank you for uploading! Have you ever heard the tragedy of Darth Plagueis The Wise? I thought not. It's not a story the Jedi would tell you. It's a Sith legend. Darth Plagueis was a Dark Lord of the Sith, so powerful and so wise he could use the Force to influence the midichlorians to create life… He had such a knowledge of the dark side that he could even keep the ones he cared about from dying. The dark side of the Force is a pathway to many abilities some consider to be unnatural. He became so powerful… the only thing he was afraid of was losing his power, which eventually, of course, he did. Unfortunately, he taught his apprentice everything he knew, then his apprentice killed him in his sleep. Ironic. He could save others from death, but not himself.

great video Phil. Can't wait for your next one sir. Thanks again for sharing.

I love your videos sir!

Thanks Phil, good video. Pls teach us more about the incentives, constraints and motivation of fund managers!

I am not able to read this P&L statement. I even have never seen one. Maybe you can put an exemple in your next video?

You're the best, Phil! Amazing video

i had about 50% mos with fb. that saved my life

It's not about revenue or free cash flow. It's all about growth. You can have the biggest revenue and cash flow in the world, but if it never grows and stays the same year after year, then there is absolutely no reason for the share price to grow either. Might as well then put your money into a savings account.

Super video!

Phil, great video. Would you recommend any literature for financial statement interpretation? I am not a professional investor but I need to improve my skils for this subject.

I really like the way you teach.. You make investing very easy to understand.

Another Great one. Thanks

I'm a freelancer, so I have P&L statements of my own. I use cash method and will admit that if I switched to accrual accounting, my P&Ls would look nicer. So I agree with your advice and wouldn't count on P&L statements as an investor.

Thank you so much for making these videos Phil! So incredibly informative and helpful ? Your stuff is definitely the best source of investment info I've ever come across 🙂

8:05 Charlie Munger is a legend. Speaking about financial statements and Charlie Munger, he has an interesting view on the financial ratio ROA (return on assets). Quoting him:

“Over the long term, it's hard for a stock to earn a much better return than the business which underlies it earns. If the business earns 6% on capital over 40 years and you hold it for that 40 years, you're not going to make much different than a 6% return – even if you originally buy it at a huge discount. Conversely, if a business earns 18% on capital over 20 or 30 years, even if you pay an expensive-looking price, you'll end up with a fine result."

Great video and informative. I wonder how much manipulation of Profit and Loss Tesla will do when they report earnings? Maybe an idea for later video.

Great video! i'm fairly new to reading P&L statements. So ultimately, the cashflow statement and balance sheet are the most important to focus on learning to read and understand?

Better go buy Facebook stocks.

Hey Phil. I’d love a video on how to calculate free cash flow. Love the video thanks

Most in depth and informative video in a while. Love this info!

Sumed up rule 1–value + growth right?

I love you Phil. You make this world a better place.

First!