Warren Buffett and the Interpretation of Financial Statements
The Search for the Company With A Durable Competitive AdvantageeBook - 2008
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
Characteristics: 1 online resource (xviii, 202 pages)
Alternative Title: Interpretation of financial statements