If you were building a house, would you hire an architect, give her some money and say, “Build me a house?” If you did, the house might end up on the front cover of an architectural magazine, but it might not be a house you would want to live in. I suggest you might benefit from learning a bit about architecture before building a house so that you could work with the architect to build the house you want to live in. Any time you hire a professional, it is best to have a basic understanding of what the professional does so you can tell the professional what you want them to do. If you are managing a firm, investing in a firm, lending to a firm, or even working for a firm, you should be able to read the firm’s financial statements and ask ...
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