389 | The Language of Business
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How to Read Financial Statements?
Soye: Financial statements are most useful when you have many of them linked together. You can use a financial statement to determine, is the business growing? Is the business dying? Are there any challenges that ae that are rising up? How much cash does this company have on hand if it's not making money? Soye: Companies can actually lose money for far longer period of time than you would assume. For example, amazon didn't quote unquote, make money on a net income basis until about 20 16. So it was at almost 20 years of not making money. And i'd be curious to hear your feedback, actually, on that saving because i don't think
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