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Brian Feroldi
I teach investors how to analyze businesses so they can invest with confidence. Follow me for posts about accounting & investing. Grab my free accounting eBook (See Link) ⬇️
Brian Feroldi is the founder of Long Term Mindset, a platform dedicated to educating people about investing and the stock market.1 Here are some key details about Brian Feroldi:
Professional Background
Brian has been investing in individual stocks since 2004.1 He's a writer for The Motley Fool, having authored over 3,000 articles on stocks, investing, and personal finance.13 His career mission statement is "to demystify the stock market," reflecting his passion for helping others improve their investment skills.1
Accomplishments
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Author: In 2022, Brian published a best-selling book titled "Why Does The Stock Market Go Up?" which explains stock market mechanics in simple terms.1
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Educator: He creates educational content aimed at helping anyone learn how the stock market works.1 This includes self-paced courses on reading financial statements and valuing businesses.1
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Newsletter: Brian runs a newsletter that reaches over 100,000 investors, providing six pieces of timeless content each Wednesday to encourage long-term thinking.2
Philosophy and Approach
Brian believes that:
- The stock market is the greatest wealth-creation machine of all time.
- Anyone can learn to invest successfully in the stock market.
- Successful investing is only possible with a long-term approach.
- Learning from other successful investors is the fastest way to improve.1
Personal Life
Brian lives in New England with his wife and three children.1 His LinkedIn username is brianferoldi, as mentioned in the query.
Through Long Term Mindset, Brian aims to create a community of long-term stock investors who share ideas, learn from each other, and build wealth together.1
Highlights
IFRS vs GAAP - CHEAT SHEET
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Accounting is the language of business.
In the United States, the accounting language is called GAAP, which stands for Generally Accepted Accounting Principles.
The accounting language in the rest of the world is called IFRS, which stands for International Financial Reporting Standards.
While both languages are similar, here are some noteworthy differences:
IFRS 📜
INCOME STATEMENT: 2 years allowed BALANCE SHEET: Increasing order of liquidity CASH FLOW STATEMENT: Flexibility with location INTERIM REPORTS: Each interim period is an integral part of fiscal year NON-STANDARD METRICS: Alternative EPS allowed
R&D COSTS: Capitalized when specific conditions are met INCOME TAXES: Recognized as assets when probable INVESTMENT PROPERTY: A separate category BIOLOGICAL ASSETS: Included in inventory LEASES: Single category on balance sheet CONTINGENT LIABILITIES: Recognized when > 50% likely
INVENTORIES: LIFO not allowed FIXED ASSETS: Fair value allowed INTANGIBLES: Fair value allowed
LEASES: IFRS 16 effective 2019 DEBT ISSUANCE COSTS: Costs are netted against the outstanding debt REVENUES: IFRS 15 effective 2018
GAAP 📜
INCOME STATEMENT: 3 years required BALANCE SHEET: Decreasing order of liquidity CASH FLOW STATEMENT: No flexibility with location INTERIM REPORTS: Each interim period is an integral part of fiscal year NON-STANDARD METRICS: Alternative EPS is prohibited
R&D COSTS: Expensed INCOME TAXES: All differed taxes recognized INVESTMENT PROPERTY: Not separate BIOLOGICAL ASSETS: Measured at fair value, separate from Inventory LEASES: Categories for operating & finance leases CONTINGENT LIABILITIES: Recognized when > 75% likely
INVENTORIES: LIFO allowed FIXED ASSETS: HIstorical cost INTANGIBLES: HIstorical cost
LEASES: ASC 842, effective 2018 DEBT ISSUANCE COSTS: ASU 2015-03 REVENUES: ASC 606, effective 2018
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