The Warren Buffett Stock Portfolio ( Get this book ) Warren Buffett and the Interpretation of Financial Statements ( Get this book ) Warren Buffett’s Management Secrets ( Get this book ) Tap Dancing to Work ( Get this book ) Let us discuss each of the Warren Buffett books in detail, along with its key takeaways and reviews. I wanted to read a book about interpretation of financial statements from investors' perspective, so I picked up "Warren Buffett and the Interpretation of Financial Statements: The Search for the Company with a Durable Competitive Advantage". The book takes you through a line by line analysis of the three financial statements: The book focuses on what each line of the financial statement means. Let me spend my time reading these “Burn” books so you don’t have too. A company with a durable competitive advantage allows them to price their goods and services well in excess of the cost to produce them. Buffett and Clark clearly outline Warren Buffett's strategies in a way that will appeal to newcomers and seasoned Buffettologists alike. Near the end of the book, the author had the audacity to say "at the risk of being redundant" to express yet another oversimplified concept. Buffett identifies these types of companies using financial statements. Inspired by the seminal work of Buffett’s mentor, Benjamin Graham, this book presents Buffett’s interpretation of financial statements with anecdotes and quotes from the master investor himself. I use Questrade to manage my investments which also has an app. Amazon.in - Buy Warren Buffett and the Interpretation of Financial Statements: The Search for the Company with a Durable Competitive Advantage book online at best prices in India on Amazon.in. Potential investors will discover: “The second part of the balance sheet is liabilities and shareholder equity. Mary Buffet and David Clark provided the full summary of all the key points related to the financial statements and future performance of the firm in their summary of Warren Buffett and the interpretation of financial statements. The authors take you through a line … For this, he consults the financial statements of companies that survived successfully for many decades through, mostly, common online search engines. By producing a consistent product that does not need to be constantly changed a company does not have to continually spend on new equipment. I don’t use a ton of apps but Yahoo Finance is a decent app for tracking news and your portfolio. They must continually spend a high percentage of their gross profit on R&D to stay in business. The sentences were incomplete and routinely ended in prepositions. The book does have some appeal to more experienced investors. This was one of the most redundant books that I've ever read. Buffett and Clark clearly outline Warren Buffett's strategies in a way that will appeal to newcomers and seasoned Buffettologists alike. Read "Warren Buffett and the Interpretation of Financial Statements The Search for the Company with a Durable Competitive Advantage" by Mary Buffett available from Rakuten Kobo. “A balance sheet is broken into two parts: The first part is all the assets, and there are many different kinds of assets. Written by his daughter and son-in-law, this book breaks down key terms and each part of the financial statement. If I ever hear "durable competitive advantage" again or see the word "superrich", I will literally scream. This asset is exactly what it says, cash. As a rule, companies with durable competitive advantages require little or no long-term debt to maintain their business operations. Inspired by the seminal work of Buffett's mentor, Benjamin Graham, this book presents Buffett's interpretation of financial statements with anecdotes and quotes from the master investor himself. please sign up Buffett knows that a company with high-cost debt is a company that cannot sustain. Two, it can sell an existing business or asset. The income account shows the earnings for the period covered, while the balance sheet sets forth "the financial position" at the closing date. Short-term debt is money that is owed by the company and due within the year. Potential investors will discover: Removing this book will also remove your associated ratings, reviews, and reading sessions. Buffett believes that a company with over 40% gross profits is a good place to start looking. Although the words were poorly written, the book concisely introduces basic accounting concept and W. Buffet’s methodology. This reduces the number of outstanding shares, which increases the remaining shareholder’s portion of the company. She used the terms at least once a page. I’ve come up with a quick classification system for the books I have reviewed. Highly recommend this book. Near the end of the book, the author had the audacity to say "at. In addition, there were annoyingly simplistic quips similar to the following - "Warren understands the secret to making money is to not spend money." They clearly outline Warren Buffett’s strategies in a way that will appeal to newcomers and seasoned Buffettologists alike. book review: warren buffett and the interpretation of financial statements, stocks: ko,mco,gt,gm, release date:dec 25, 2008 I read companies' financial statements regularly to gain understanding. Companies that have no durable competitive advantage have SGA expenses that wildly vary. Not only was this book redundant, it was poorly written. Excellent book, this is a must read! Find helpful customer reviews and review ratings for Warren Buffett and the Interpretation of Financial Statements: The Search for the Company with a Durable Competitive Advantage at Amazon.com. I think beginner investors would benefit from buying the book and stashing it on the shelf. Buffett believes that if a company has a large cash pile and little or no debt they should be able to withstand tough economic times. More experienced investors will gain more from the insights the authors provide into Warren Buffett’s identification of durable competitive advantages through the interpretation of financial statements. Read honest and unbiased product reviews from our users. The company's report may include additional statements and supplementary schedules, Wrigley has been producing the same product for years with little variation. There are a wealth of resources online that provide assistance to investors as they dive into financial statements (Investopedia, Youtube, and the SEC). OGQWD5QAY7 // Warren Buffett and the Interpretation of Financial Statements The Search for the... » eBook Relevant Kindle Books Bully, the Bullied, and the Not-So Innocent Bystander: From Preschool to High School and Beyond: Breaking the Cycle of Violence and Creating More Deeply Caring Communities More importantly, the author provides insight into how Warren Buffett views these line items. I read companies' financial statements regularly to gain understanding of a company's business operation, source of revenue, financing situation, cash flow, global effective tax rate, and etc. 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. In my opinion, the book is still worth a read for the insights on how Buffett interprets financial statements but not necessarily worth the purchase. Seeking alpha is useful to get some free research but doesn’t typically provide any microcap coverage. Ugh...I am about halfway through this book and I don’t think I can finish it. In comparison, GM has to continually rebuild their manufacturing facilities to keep up with the competition. Free delivery … I am an accounting and finance professional with 10 years' experience in advising clients on cross-border merger & acquisition transactions, international tax structuring and business model optimizations. The Interpretation of Financial Statements book is a quick and simple introduction to financial statements. Simplistic to the point of being insulting (they even have a chapter devoted to "proving" that the lower price you pay, the higher your yield), redundant and annoying in the frequency of use of phrases "Warren says", "Warren does" and "Warren thinks" -- it reads like a true pamphlet from a sect of zealots. Quick and straight way to read financial statements in the quest of seeking "companies with durable competitive advantage" (yet the book can be even shorter). 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... Free Shipping on all orders over $10. Coca-Cola, with depreciation as 6% of gross profits, as an example. Fewer shares also create an increase in earnings per share. I am an accounting and finance professional with 10 years' experience in advising clients on cross-border merger & acquisition transactions, international tax structuring and business model optimizations. I went looking for a very simple, introductory book that I could throw on my bookshelf and refer to when I need a refresher. If a company is consistently using less than 25% of its net earnings for capital expenditures than you likely have a company with a durable competitive advantage. This is a small book that gives readers a very simplified view of how Warren Buffett may interpret income statements, balance sheets, and cash flow sheets. 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 … Read "Warren Buffett and the Interpretation of Financial Statements The Search for the Company with a Durable Competitive Advantage" by Mary Buffett available from Rakuten Kobo. Deduct all expenses from the revenue and you get net earnings or net income. Buy: I think you should buy the book. Once he identifies a company with a durable competitive advantage Buffett holds them for as long as he can. This lead me to Interpretation of Financial Statements. If I ever hear "durable competitive advantage" again or see the word "superrich", I will literally scream. Buffett believes that companies that spend huge sums of money on R&D may develop an advantage, however, that advantage is bound to erode. She used the terms at least once a page. This is the durable competitive advantage the Buffett is constantly seeking. Net earnings divided by the number of outstanding shares get you earnings per share. Warren Buffett and the Interpretation of Financial Statements: The Search for the Company with the Durable Competitive Advantage is a quick and simple book that gives you a better understanding of financial statements. Someone, like myself, who is new to investing and is unfamiliar with financial statements. Typically companies that spend a high percentage of their gross profit on SGA expenses are in a very competitive industry. May not be an option Warren Buffett focuses on companies that lack a durable competitive advantage local library margin look! 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