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Warren Buffett and the Interpretation of Financial Statements: The Search for the Company with a Durable Competitive Advantage Audiobook
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(3.10) - 205 listener ratings
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Publisher Description
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.
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"Really great break down of a financial statement. Written by his daughter and son-in-law, this book breaks down key terms and each part of the financial statement. Great for anyone who didn't know how before."
— Christopher (5 out of 5 stars)
Quotes
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“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
Warren Buffett and the Interpretation of Financial Statements Listener Reviews
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Razvan, 8/20/2019
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" Good depth for the novice Value Investor easy to understand. "
— Xavier, 12/27/2013 -
" simple to read, makes sense - now lets put it into practice! "
— Andre, 11/19/2013 -
" Where is the line between common sence and genious? "
— Jeff, 10/7/2013 -
" One of the book you should read before going to stock investment. "
— Cailan, 8/7/2013 -
" The book was pretty good to read to understand how Buffett analyzed stocks and decided which stocks to buy and when to buy them. It helped me gain a better understanding of how to read finacial statements. "
— Paul, 12/21/2012 -
" Really short chapters, enjoyable read. Great for people like me who haven't taken courses in finance. "
— Jim, 10/10/2012 -
" Clear and precise explanation of the financial statements! Great read! "
— Hui, 9/27/2012 -
" I read this book 2 so far...really educational! "
— Yahaya, 9/9/2012 -
" A very easy to understand guide to the philosophies of Warren Buffett's value investing. "
— Drew, 2/18/2012 -
" Having studied accounting, it's interesting that investors actually read the financial statements. "
— Carrie, 1/8/2012 -
" Useful reference on financial indicators and ratios of companies considered having long term, sustainable strategic advantage, thus money making for long term holding. "
— Tommy, 12/10/2011 -
" Good for investor who want to get a start on financial statements. Warren's equity/bond theory is quite inspiring, I remember reading it in his annual report but was good to be reminded about it. "
— Rahul, 10/5/2011 -
" Good book for beginners, and offering some good and unique perspectives for the financial statements. Too basic for those with some existing acctg experience. "
— Mike, 9/14/2011 -
" Dry but nt too dry read "
— John, 5/31/2011 -
" Clear and precise explanation of the financial statements! Great read! "
— Shayla, 5/12/2011 -
" Where is the line between common sence and genious? "
— Jeff, 2/15/2010 -
" Good depth for the novice Value Investor easy to understand. "
— Xavier, 7/13/2009 -
" Having studied accounting, it's interesting that investors actually read the financial statements. "
— Carrie, 7/12/2009 -
" The book was pretty good to read to understand how Buffett analyzed stocks and decided which stocks to buy and when to buy them. It helped me gain a better understanding of how to read finacial statements. "
— Paul, 2/2/2009
About the Authors
Mary Buffett is a bestselling author and international speaker on the investment methods of her once-father-in-law, Warren Buffett, as well as an entrepreneur and political and environmental activist. She appears regularly on television as one of the top finance experts in America and has been the principal speaker for prestigious organizations around the world. She has worked successfully in a wide range of businesses, including extensive work as a consultant for several Fortune 500 companies. She lives in Southern California.
David Clark, a portfolio manager and friend of the Buffett family for over thirty years, is recognized as a leading authority on Warren Buffett’s investment methods. He lives in Warren’s hometown, Omaha, Nebraska.
About Karen White
Karen White has been narrating audiobooks of all genres since 1999. Honored to be included in AudioFile’s Best Voices, she’s also a four-time Audie Finalist and has earned multiple AudioFile Earphones Awards and Library Journal starred reviews.