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Reading this book I went from mildly pleased, to incurious and finally downright irritated. The subtitle is “Proven Techniques to Avoid Questionable Stocks”. In reality Jeff Madura, a finance professor at Florida Atlantic University and an author of several finance textbooks, provides nothing of the kind in this book written after the Enron and WorldCom scandals burst in the early 2000s.The author has divided the text in 5 different parts and the book starts off by displaying a number of ways th...
About two thirds of this book is useful. The useful parts explain common ways fraudulent behavior happens and how to detect it (to a lesser extent). The last third, for some odd reason, tries to be an introduction to investing book. This part has no correlation with the rest of the book. I would still recommend this book (skipping the last part) if you aren't familiar with accounting fraud and are an investor.