Warren Buffett and the Interpretation of Financial Statements

Warren Buffett and the Interpretation of Financial Statements

The Search for the Company With A Durable Competitive Advantage

Book - 2008
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With an insider's view of the mind of the master, Mary Buffett and David Clark have written a simple guide for reading financial statements from Warren Buffett's succccessful perspective.

Buffett and Clark clearly outline Warren Buffett's strategies in a way that will appeal to newcomers and seasoned Buffettologists alike. Inspired by the seminal work of Buffett's mentor, Benjamin Graham ( The Interpretation of Financial Statements , 1937), this book presents Buffett's interpretation of financial statements with anecdotes and quotes from the master investor himself.

Potential investors will discover:

* Buffett's time-tested dos and don'ts for interpreting an income statement and balance sheet
* Why high research and development costs can kill a great business
* How much debt Buffett thinks a company can carry before it becomes too dangerous to touch
* The financial ratios and calculations that Buffett uses to identify the company with a durable competitive advantage -- which he believes makes for the winning long-term investment
* How Buffett uses financial statements to value a company
* What kinds of companies Warren stays away from no matter how cheap their selling price

Once readers complete and master Buffett's simple financial calculations and methods for interpreting a company's financial statement, they'll be well on their way to identifying which companies are going to be tomorrow's winners -- and which will be the losers they should avoid at all costs.

Destined to become a classic in the world of investment books, Warren Buffett and the Interpretation of Financial Statements is the perfect companion volume to The New Buffettology and The Tao of Warren Buffett .
Publisher: New York : Scribner, 2008.
Edition: First Scribner hardcover edition.
ISBN: 9781416573180
1416573186
Branch Call Number: 332.632042 BUF
Characteristics: xviii, 202 pages ; 20 cm
Additional Contributors: Clark, David 1955-

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JoseRaez
Sep 23, 2011

Excellent book to have if you are a stock picker. It teaches you, step by step, what numbers to look for when going through the balance sheets, income statements and cash flow statements of companies.

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gr8books4000
Jan 04, 2011

Excellent primer for people with limited financial expertise interested to learn more about Warren Buffett's investing techniques. If you like this book, learn more about Buffett's methods by reading New Buffettology by the same author.

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