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Warren Buffett and the Interpretation of Financial Statements

Warren Buffett and the Interpretation of Financial Statements
The Search for the Company with a Durable Competitive Advantage  
This edition: Hardcover, 224 pages
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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.

"Just as top musicians memorize scales, and the best golfers perfect swings at the driving range, investors who want sustainable, good returns must master the critical basics that Mary Buffett and David Clark lay out for us in this clear explanation of Warren Buffett's methods. I don't think there has been a better time for investors to relearn the fundamentals. Follow these methods and you will see results!" - Timothy P. Vick, senior portfolio manager, The Sanibel Captiva Trust Company, and author of How to Pick Stocks Like Warren Buffett
Asheville Citizen-Times, July 5, 2009
...12:15 AM If you want to invest in stocks but are intimidated by companies' financial statements, Mary Buffett and David Clark's ?Warren Buffett and the Interpretation of Financial Statements? is the book for you. The authors had good access ...
San Francisco Chronicle, February 22, 2009
...out Google's signature dogma: 'Don't be evil.' Another sage's example is mined for wisdom in 'Warren Buffett and the Interpretation of Financial Statements' by Mary Buffett and David Clark, a former daughter-in-law and an ex-student of the ...
Seeking Alpha, December 22, 2008
...of key importance, so I was excited to see that the new book, , The book is authored by Mary Buffett and David Clark, who have written several other books on Buffett, including Buffettology With the title of this book though, one expects ...