- Published: New York : Scribner, 2008.
- Year Published: 2008
- Edition: 1st Scribner hardcover ed.
- Description: xviii, 202 p. ; 20 cm.
- Language: English
- Format: Book
- Buffett, Warren.
- Financial statements.
- Business enterprises -- Finance.
- Corporations -- Finance.
- Investment analysis.
- Investments -- Decision making.
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Warren Buffett and the interpretation of financial statements : the search for the company with a durable competitive advantage
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Call number: 332.632 Bu
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.--From publisher description.
This book is totally accessible to anyone, even if you have never looked at a stock or symbol or quote before. It starts off with the absolute basics and then gets into some interesting ratios. Then how to consider these ratios is discussed. Nothing is crazy or complex.
This should be standard reading for any junior high or high school students economics course.
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