NOLA909
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Words Whispered in Water
- Why the Levees Broke in Hurricane Katrina
- De: Sandy Rosenthal
- Narrado por: Bernadette Dunne
- Duración: 9 h y 42 m
- Versión completa
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General4 out of 5 stars 12
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Narración:4 out of 5 stars 9
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Historia4 out of 5 stars 9
Words Whispered in Water is the story of how - against all odds - one woman exposed the culprit in the catastrophic flooding and compelled the news media, and the government, to tell the truth. Words Whispered in Water highlights the importance of exposing the bad behavior of giant corporations and bureaucracies whose unsavory activities affect millions of people, because once bad behavior is exposed, there is noticeably less fraud and better behavior on the part of an organization.
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5 out of 5 stars
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Accurate and Chilling
- De NOLA909 en 10-25-20
- Words Whispered in Water
- Why the Levees Broke in Hurricane Katrina
- De: Sandy Rosenthal
- Narrado por: Bernadette Dunne
Accurate and Chilling
Revisado: 10-25-20
First - i am a New Orleanian who lost a home in the federal flood of 2005 - known to many as 'Katrina'.
As someone who went through the disaster, I think this book captures the displacement very well. So many of us lived for months in Texas, Georgia, Florida and many places in-between. Our family had five addresses in 2005/06.
The real heart of this book deals with the Corps of Engineers -- and the punch line is that this was not a natural disaster. The Corps built inferior levees and then tried to off-load the blame on the New Orleans Levee Board. In truth, this was a man-made disaster.
I wonder how the reader from the middle of the country reacts to learning how poorly our government acted? I imagine they are skeptical. Well, this book documents the fault of the Corps. And here's my little story that also may make other Americans take notice.
My one-story house - which was flooded and had to be torn down - was built on 30' pilings. The outfall levees - located only a few blocks from my house - had 16' pilings. There is no way my little house should be constructed stronger than a levee protecting thousands of people.
This is a well-written book -- and it tells a story that is chilling in its honesty.
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What's Behind the Numbers?
- A Guide to Exposing Financial Chicanery and Avoiding Huge Losses in Your Portfolio
- De: John Del Vecchio, Tom Jacobs
- Narrado por: Tom Jacobs
- Duración: 7 h y 9 m
- Versión completa
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General4.5 out of 5 stars 91
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Narración:4.5 out of 5 stars 76
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Historia4.5 out of 5 stars 77
Companies are under more pressure than ever to "beat by a penny," but you don't need to be a forensic accountant to uncover where the spin ends and the truth begins. With the help of a powerhouse team of authors, you can avoid losing a chunk of your portfolio when the next overhyped growth stock fails by knowing What's Behind the Numbers?
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5 out of 5 stars
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A CPA rates this book 5-stars
- De NOLA909 en 05-28-14
- What's Behind the Numbers?
- A Guide to Exposing Financial Chicanery and Avoiding Huge Losses in Your Portfolio
- De: John Del Vecchio, Tom Jacobs
- Narrado por: Tom Jacobs
A CPA rates this book 5-stars
Revisado: 05-28-14
Let's face it - this is not light reading. There is no romance involved nor is there a murder mystery to be solved. And the future of the planet is not threatened by the theories presented.
But - and you knew there was a 'but' - the book contains a heavy dose of lying, cheating, swindling and stealing --------- and it's all legal. Yes, this book details the ways accounting statements may be manipulated by companies to present the very best picture of its financial state to the investing public.
If a company's sales are lagging - why not reduce the inventory's selling price and sweeten the payment terms? There's nothing illegal in these actions - and company sales may well jump on these incentives. But longer term, these sales prices might have to be repeated over and over again to move stale inventory - reducing operating margins. And the sweetened payment terms might be too sweet - leading to an increase in bad debt expense. This downward spiral of decreased profitability may take a few quarters to show up to Wall Street, but inevitably the company's stock price will match the decline in the company's results.
What can an investor do to avoid such a situation? How can an investor pick up on the early signs of such troubles? Del Vechio and Jacobs have the answer! Their methods of analysis of financial statements often can spot financial problems before a company's stock price tanks.
All-in-all, the book very competently reviews the places where a company might - legally - manipulate revenues, expenses, allowances or cash flow in their financial statements. This book is in the best tradition of analyzing financial statements - following in the tradition of works by O'Glove on the "Quality of Earnings", for example.
The book's narration is done by one of the authors - Tom Jacobs - so the listener never feels that the narrator is 'just reading words' without any idea of what they mean. While I can't describe the narration as "lively" (as this book essentially is an accounting textbook), the pace and style of the narrator is pleasing.
In summary, this book is directed toward those with a good knowledge of accounting statements and of the stock market. However, beginning investors also could benefit from this book if they would only pick up one or two pointers on financial statement analysis.
As a CPA focusing on investments, I enjoyed the book -- and on many occasions as I listened to its chapters I found myself putting down my headphones and saying to myself "now - let's analyze my stocks from this same perspective...."
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esto le resultó útil a 11 personas