We are currently making improvements to the Audible site. In an effort to enhance the accessibility experience for our customers, we have created a page to more easily navigate the new experience, available at the web address www.audible.com/access.
Warren Buffett and the Interpretation of Financial Statements: The Search for the Company with a Durable Competitive Advantage | [Mary Buffett, David Clark]

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

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.
Regular Price:$13.99
  • Membership Details:
    • First book free with 30-day trial
    • $14.95/month thereafter for your choice of 1 new book each month
    • Cancel easily anytime
    • Exchange books you don't like
    • All selected books are yours to keep, even if you cancel
  • - or -

Your Likes make Audible better!

'Likes' are shared on Facebook and Audible.com. We use your 'likes' to improve Audible.com for all our listeners.

You can turn off Audible.com sharing from your Account Details page.

OK

Publisher's Summary

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

  • What Members Say

    Average Customer Rating

    3.9 (51 )
    5 star
     (18)
    4 star
     (19)
    3 star
     (8)
    2 star
     (5)
    1 star
     (1)
    Overall
    4.0 (22 )
    5 star
     (6)
    4 star
     (11)
    3 star
     (4)
    2 star
     (1)
    1 star
     (0)
    Story
    4.0 (22 )
    5 star
     (9)
    4 star
     (6)
    3 star
     (6)
    2 star
     (0)
    1 star
     (1)
    Performance
    Sort by:
    •  
      PHIL San Diego, CA, United States 07-26-12
      PHIL San Diego, CA, United States 07-26-12 Member Since 2011
      HELPFUL VOTES
      347
      ratings
      REVIEWS
      151
      146
      FOLLOWERS
      FOLLOWING
      125
      2
      Overall
      Performance
      Story
      "A great basic walk-through"

      Being a Buffett-based book, it is aimed at building a buy-and-hold portfolio. It distinguishes Mr Buffett's approach from that of his mentor in value investing, Mr Graham. While Graham fished for underpriced stocks of all kinds, and unloaded them when certain criteria in gains were met, Buffett looks for more durable advantages for long-term returns on investment.
      I would term this "introductory," in reciting basic financial statement contents, meanings and inferences about companies one can get (pretty readily) from financial statements that are publicly available. Aside from the endless repetition of certain phrases ("durable competitive advantage," "getting rich"), it is highly listenable and chock-full of logic and common sense. It was a nice refresher for my financial accounting basics with added value, since my financial accounting class covered a lot of nuts and bolts, but not much about interpretation. While some of these points were apparent from my own observations, much had not occurred to me, e.g., aspects of a company's investments in other companies. There are red flags here that help show potential hard sledding ahead for companies. This got me thinking about lots of companies in today's landscape in different ways, in terms of challenges they face.

      1 of 1 people found this review helpful
    •  
      michael 10-14-14
      michael 10-14-14 Member Since 2011
      ratings
      REVIEWS
      12
      5
      Overall
      Performance
      Story
      "Just what I expected."
      Would you listen to Warren Buffett and the Interpretation of Financial Statements again? Why?

      I will listen to this at least twice. There was a lot useful information. I kept hitting the rewind button so that I could grasp all of the concepts and tips.


      What other book might you compare Warren Buffett and the Interpretation of Financial Statements to and why?

      I would compare this book to "The Intelligent Investor" by Benjamin Graham.


      0 of 0 people found this review helpful
    • Showing: 1-2 of 2 results

      There are no listener reviews for this title yet.

    Report Inappropriate Content

    If you find this review inappropriate and think it should be removed from our site, let us know. This report will be reviewed by Audible and we will take appropriate action.

    Cancel

    Thank You

    Your report has been received. It will be reviewed by Audible and we will take appropriate action.