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Warren Buffett and the Interpretation of Financial Statements: The Search for the Company with a Durable Competitive Advantage | 
 enlarge | Authors: Mary Buffett, David Clark
Publisher: Scribner
Category: Book
List Price: $24.95
Buy New: $13.84
You Save: $11.11 (45%)
New (49) Used (14) from $13.32
Avg. Customer Rating:  30 reviews
Sales Rank: 9229
Media: Hardcover
Number Of Items: 1
Pages: 224
Shipping Weight (lbs): 0.8
Dimensions (in): 7.4 x 5.9 x 0.9
ISBN: 1416573186
Dewey Decimal Number: 332.632042
EAN: 9781416573180
ASIN: 1416573186
Publication Date: October 14, 2008
Availability: Usually ships in 1-2 business days
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Product Description
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.
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| Customer Reviews: Read 25 more reviews...
 Excellent Educational Resource January 9, 2009
The book contains a very detailed approach to financial statement analysis for making investment decisions. However, it explains the detail in a practical/common sense manner, which makes it easy to read and easy to comprehend even for someone who is not familiar with financial statements. For someone who is familiar with financial statements, but doesn't know how to use them to make investment decisions, this is what they need to read. It will permanently change the way they review financial statements and the value they place on them.
A concise, easy to read guide on the financial statements December 22, 2008
For the beginner, who wants to unterstand company financial statements, this is a good book to have. This book gives a step by step commentary into the relevant components of a typical company's financial statement.
SIMPLE Corporate Financial Health Check List November 25, 2008
3 out of 4 found this review helpful
This book is valuable! Think if you were Warren Buffett and looking for a company to invest. How does Buffett choose a company? How about yourself? This book tell you how. By studying this book, you should be able to identify a good company and a crap one. This is how Buffett invests.
Look! On the other side of reading this book, instead of looking at outside, it can teach how to look inside your own. What about your own company? As an entrepreneur, I also use the book as a financial health check list to improve my company. Some said information in this book is too simple and too common. (Everyone should know.) You are right! But you know what! Simple is understandable and usable. Complicated is only interesting. I believe Warren Buffett is a simple guy and that is why he's RICH. Hello Complicated! How much you got? Talking is cheap. (Doing is different!)
Thanks for reading. Get a book. It's worthy and valuable. Trust me!
 Informative & Easy to Follow Book November 22, 2008
3 out of 3 found this review helpful
I found this book to be very interesting and an informative investing book. Some investing books can be overwhelming; using terms and formulas that don't make sense and you can't understand where they came up with the numbers they are discussing. You won't find that with this book. This is a small book compared to some with only 173 pages however the layout is wonderful. Within the 173 pages are 57 chapters-that is a little over 3 pages a chapter and it includes a glossary of terms in the back of the book. With these easy to follow and to the point discussions, I could read a chapter and then go straight to [...] Money; pull up the financial statements and look at exactly what I just read. The formulas in the book makes sense and are easy to do myself. I can figure out what the Gross Profit Margin or Net Worth of a company I'm interested in and if it's worth purchasing.
Can we all invest like Warren Buffet? Not exactly, however we can understand the concepts and information to look for so we can make a smarter decision in purchasing our investments. I recommend this book and wish you all the best with your investing future.
 Buffett stamp of approval.....Mary Buffett's that is November 21, 2008
1 out of 2 found this review helpful
This book is more for the beginning "investor" who wishes to learn more about investing/finances than he/she already knows, and learn some ideas from the master investor himself. However, the book falls short of any real informative ideas to really further your quest to become the next great investor. There isn't any fresh ideas in here that is worth reading if you are already familiar with finances. However, if you never read a book ever about this sort of stuff, it's a simple straight forward enough book that can help you get started.
Buffett is a legend in the investing world, but anyone who has any money in the market today will tell you all this is bs now with the advance of electronic trading, spreading of false rumors so rapidly, and the immense fear that is gripping our economy and the world.
If you want a refresher course on investing, this is an ok book. It's small enough to fit into your briefcase, but big enough to read everything clearly.
The bible of investing books will always be Benjamin Grahams. If you can only afford one book, get Grahams.
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