Preface

      Acknowledgements

      Introduction: The Importance of Information

1.  Fundamental Analysis: The Search for Intrinsic Value

         Part One
Economic Analysis

2.  Politico-Economic Analysis

3.  The Economic Cycle

4.  Asset Bubbles: What They Are and How to Protect Yourself When they Burst

        Part Two
Industry Analysis

5.  Industry Analysis

       Part Three
Company Analysis

6.  The Management

7.  The Company

8.  The Annual Report

The Directors' Report

The Auditor's Report

Financial Statements

Schedules and Notes to the Accounts

9.  Ratios

Market Value

Earnings

Profitability

Liquidity

Leverage

Debt Service Capacity

Asset Management / Efficiency

Margins

10.  Cash Flow

11.  Conclusion

12.  Fundamental Analysis Step-by-step

        Appendix

        Index