#74 Stephen Penman: Financial Statement Analysis for Value Investing

In this episode, we have the pleasure of welcoming back Stephen Penman, professor emeritus of accounting and security analysis at Columbia Business School. Stephen has been elected into the Accounting Hall of Fame and is also a distinguished author. We discuss his latest book, in which he shows how accounting helps you, how it doesn't help you, and how to use it when evaluating investments. Stephen also shares his insights on hurdle rates, the development of accounting, and the possible impact of AI. ————————————— Our conversation with Stephen Penman was recorded on 18 August 2025. ————————————— For more info about the podcast, make sure to

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#74 Stephen Penman: Financial Statement Analysis for Value Investing is an episode from Investing by the Books by Eddie Palmgren.

This episode is 58:57 long.

This episode was published on Aug 26, 2025.

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