This episode delves into Cash Flow Statements, stressing they are the most important financial statement for investors – truly, Cash Flow is King. Learn why reported Profit can be misleading compared to actual cash in the till. We break down the three key components: Operations (CFO), Investing (CFI), and Financing (CFF). Discover how to analyze crucial ratios like CFO to Profit (PAT/EBITDA) to spot weak businesses or potential accounting issues. Understand Free Cash Flow (FCF) and how cash flow connects to the Balance Sheet and Income Statement. Finally, learn about industries where cash flow analysis is not applicable. Essential knowledge for any fundamental investor!