Product description
Warren Buffett and the Interpretation of Financial Statements
by Mary Buffett and David Clark
1. **Two Key Revelations**
2. **Profitable Business Traits**
3. **Finding Exceptional Companies**
4. **Durability: Key to Wealth**
5. **Financial Statement Basics**
6. **Sources of Financial Data**
9. **Cost of Goods Sold**
10. **Gross Profit/Margin**
11. **Operating Expenses**
20. **Per-Share Earnings**
23. **Current Assets Cycle**
28. **Total Current Assets**
29. **Property and Equipment**
30. **Goodwill and Intangibles**
31. **Long-Term Investments**
33. **Current Liabilities**
37. **Total Liabilities**
38. **Shareholders' Equity**
39. **Preferred/Common Stock**
40. **Retained Earnings**
45. **Capital Expenditures**
47. **Equity Bond Concept**
48. **Yield from Competitive Advantage**
49. **Valuation Methods**
"Warren Buffett and the Interpretation of Financial Statements" offers an insider's view into Warren Buffett's successful perspective on reading financial statements. Authored by Mary Buffett and David Clark, this book presents Buffett's strategies in a simple, easy-to-follow manner, suitable for both newcomers and seasoned investors. Drawing inspiration from Buffett's mentor, Benjamin Graham, the book provides Buffett's dos and don'ts for interpreting income statements and balance sheets, along with anecdotes and quotes from Buffett himself. Readers will learn Buffett's approach to identifying companies with durable competitive advantages, valuing companies, and avoiding risky investments. With mastery of Buffett's financial calculations and methods, readers will be equipped to identify tomorrow's winners and avoid potential losers in the investment world.