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Warning, this piece gets into the weeds of financial accounting statements. We dive deep into the cash flow statement, why it matters, and equip you with the knowledge to dissect statements on your own.Q1 2020 hedge fund letters, conferences and moreBefore diving into the meat, one should understand why the cash flow statement is so important. There’s a few reasons:You can’t easily fraud cashCash tells you the true earnings power of the businessYou can’t pay debtors and creditors with EBITDA — you pay them with cashCash flow statements show you where a company generates cash and how it spends …
