Mary Buffett and David 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 - ...
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Mary Buffett and David 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 audiences complete and master Buffett's simple financial calculations and methods for interpreting a company's financial statement, they will be well on their way to identifying which companies are going to be tomorrow's winners--and which will be the losers that should be avoided 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 .
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