The fact is that one of the earliest lessons I learned in business was that balance sheets and income statements are fiction, cash flow is reality.

Chris Chocola

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It sounds extraordinary but it's a fact that balance sheets can make fascinating reading.

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There are men who can write poetry, and there are men who can read balance sheets. The men who can read balance sheets cannot write.

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We are led by lawyers who do not understand either technology or balance sheets.

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With weak balance sheets, banks tend to continue lending unprofitable businesses and leave them existing.

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If you think too-big-to-fail banks are not worthy of investment because of their impossible-to-read balance sheets, well then, don't buy them.

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