“[G]ood bankers understand the shortcomings of accounting and know how to correct for them.” Henry Kaufman On Money and Markets (2000) Understanding
“[A] profit and loss statement is not simply a collection of figures, but rather—for the perceptive banker—a window into the nuts and bolts of the business, from its method of operation to its management philosophy.” Henry Kaufman On Money and Markets (2000) Loss , Business
“[A] balance sheet is a snapshot of one moment in time, and thus presents a very limited view... To be a good banker, therefore, a business is much more than its balance sheet.” Henry Kaufman On Money and Markets (2000) Time , Business