244: Improve Your Financial Intelligence, with Joe Knight
Joe Knight: Financial Intelligence www.business-literacy.com Joe teaches us how to improve our own financial intelligence, so we can influence within organizations more effectively. He is a highly regarded finance and business literacy keynote speaker, trainer, and published author. Quotes Those who understand [financial statements] are the vast minority of people who are moving up in the corporate environment. —Joe Knight One of the problems with fraud is that you have these companies reporting profit, but it wasn’t real profit, and it was never converting to real cash. —Joe Knight Wall street, other investors, and banks have shifted to looking at cashflow as a concrete, tangible number. —Joe Knight It’s important never to lose sight of the fact that cash flow almost eliminates the possibility of fraudulent financial reporting. —Joe Knight We’re not trying to create high-level financial people; we’re trying to decode [financial statements] for the rest of us. —Joe Knight Links mentioned: The 100 Best Business Books of All Time HBR ROI Toolkit HBR EBITDA Tookit HBR Business Valuation Toolkit (still being built by Harvard, should be published next month) Resources for Business Literacy Institute: Online Financial Intelligence Training Financial Concepts Dictionary Take the Financial Intelligence Assessment Discover More Activate your free membership for full access to the entire library of interviews since 2011, searchable by topic.