A Deep Dive Into Earnings Quality with Columbia Professor Doron Nissim

[@adrianknoblauch3962]

Thanks! Interesting. Is there a way to access the 60p presentation too? Appreciate your discussion.

[@ExcessReturns]

Thanks for listening / commenting. Please reach out to Doron and ask him, he may share the presentation with you. www8.gsb.columbia.edu/cbs-directory/detail/dn75

[@Flierefluiter515]

Did you manage to access the presentation? Would be interested as well

[@ExcessReturns]

@@Flierefluiter515 Reach out to Doron, and he may be open to sharing it with you. www8.gsb.columbia.edu/cbs-directory/detail/dn75 His Earnings Quality white paper (600+ pages) has it all as well. papers.ssrn.com/sol3/papers.cfm?abstract_id=3794378

[@adrianknoblauch3962]

@@Flierefluiter515 yep

[@m.ssharma535]

A lot of these earnings quality is good in a normal market in 1990s and 2000s. Now in the last 10 yrs due to cheap money people bid up poor quality companies and accounting is pretty much dead.

[@vellp7980]

Thanks for the very interesting content. I have always been suspicious of financial statements; now I am more suspicious. I will study Nissim's monograph for more. BTW, the link under Personal Research Website does not work. What was it supposed to contain?

[@ExcessReturns]

Thank you, and the link is fixed but here you go: bit.ly/doron-research

[@HepCatJack]

One of the reasons some investors missed out on Amazon was that it invested what earnings it had back in the business so that they would be offset by expenses cancelling them out. I'm not sure how something like Amazon web services would show up on the balance sheet. Many also were saying that Tesla had negative cashflow which is a feature of companies on their way to bankruptcy, however they were developing a moat such as a self driving car which differentiates it from other companies that just makes EV's without the self driving feature.