Warren Buffett and the Interpretation..., Mary Buffett
Warren Buffett and the Interpretation..., Mary Buffett
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Warren Buffett and the Interpretation of Financial Statements
The Search for the Company with a Durable Competitive Advantage

Author: Mary Buffett, David Clark

Narrator: Karen White

Unabridged: 3 hr 10 min

Format: Digital Audiobook Download

Publisher: Tantor Media

Published: 12/08/2008


Synopsis

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.

About Mary Buffett

Mary Buffett is an author and lecturer on investing and was married to Warren Buffett's son Peter for twelve years. Her own business acumen can be measured by her success as CEO of Superior Assembly, a very successful commercial and motion picture editing company, clients of which include Madonna and Coca-Cola. She lives in Southern California.


Reviews

Goodreads review by Jing on January 28, 2012

I am an accounting and finance professional with 10 years' experience in advising clients on cross-border merger & acquisition transactions, international tax structuring and business model optimizations. I read companies' financial statements regularly to gain understanding of a company's business......more

Goodreads review by Đạt on March 04, 2018

It presents fundamental knowledge on finance and some investing advice from Warren's perspective. Basically, it's pretty much like the book Financial Intelligence by Karen Berman, but it also digs deeper into analyzing every items from the income statement, balance sheet and cash flow statement. Some......more

Goodreads review by THE LITERATE BEAR on June 15, 2021

TAKEAWAY: NEXT TIME I WILL WEAR GOGGLES YOU CAN TELL THAT THE AUTHOR KNOWS A LOT ABOUT THE STOCK MARKET BECAUSE SHE KNOWS WARREN BUFFETT, WHO BECAME FAMOUS WHEN HE INVENTED THE STOCK MARKET IN 1959. THIS IS WHY SHE MENTIONS WARREN BUFFETT FOUR TIMES PER PAGE, WHICH MAKES THE BOOK FOUR TIMES AS GOOD A......more

Goodreads review by Toàn on April 11, 2020

Although the words were poorly written, the book concisely introduces basic accounting concept and W. Buffet’s methodology. Highly recommend for people with no accounting/financial background who wants to invest in stocks and know how to generate investing ideas. Warren Buffet said: “Some men read Pl......more

Goodreads review by alper on August 01, 2022

Warren Buffett'ın odaklı yatırım olarak tabir edilen yatırım stratejisini finansal tablolar üzerinden nasıl kurduğunu tane tane çok basit bir şekilde bu kitap sayesinde anlayabiliyorsunuz. Bütün bu sayılar arasında aradığı tek bir şey var: "sürekli rekabet üstünlüğü". Buna sahip olan şirketleri bulu......more