Warren Buffett and the Interpretation of Financial Statements

The Search for the Company with a Durable Competitive Advantage

By: Mary Buffett, David Clark

Narrated by: Karen White

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.

©2008 Mary Buffett and David Clark (P)2008 Tantor

Wonderfully Useful!

This is how "how to" books should be written -- a guide to accomplishing a task, pointing out signposts signaling great (or mediocre) investing opportunities.

This simple book put the majority of "The Little Book" series to shame.

If you're a Value Investor ... Buy! Buy! Buy!

Best analysis on audio

This is probably the best audio book for fundamental and value investment analysis.
The author explains this complicated subject so clear and in simple terms that anyone can follow.

Amazing!

One of the most succinct, easy to understand explanations of how to interpret financial statements and value a company!

Get over it and Listen

I've studied investing for decades now. There isn't a better, More concise book to help you make smart investing decisions. Yes, durable competitive advantage is said a lot - cause it's that important. This book is about skilled reading of the financial books - it's not for your entertainment - it's for your gain.

Worth the money!

I thoroughly enjoyed this book and highly recommend it to everyone. well worth the price.