ISBN: 1416575952 9781416575955

Category: Business & Economics / Personal Finance / Investing

Page count: 224

<b>With an insider's view of the mind of the master, Mary Buffett and David Clark have written a simple, easy-to-follow guide for reading financial statements from Warren Buffett's successful perspective.</b><br><br>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 (<i>The Interpretation of Financial Statements</i>, 1937), this book presents Buffett's interpretation of financial statements with anecdotes and quotes from the master investor himself.<br> <br>Potential investors will discover:<br> <br>-Buffett's time-tested dos and don'ts for interpreting an income statement and balance sheet<br> <br>-Why high research and development costs can kill a great business<br> <br>-How much debt Buffett thinks a company can carry before it becomes too dangerous to touch<br> <br>-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<br> <br>-How Buffett uses financial statements to value a company<br> <br>-What kinds of companies Warren stays away from no matter how cheap their selling price<br> <br>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.<br> <br>Destined to become a classic in the world of investment books, <i>Warren Buffett and the Interpretation of Financial Statements</i> is the perfect companion volume to <i>The New Buffettology</i> and <i>The Tao of Warren Buffett</i>.