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.

Listening Length

3 hours and 10 minutes
Author

Mary Buffett, see all
Narrator

Karen White
Audible release date

Dec 1 2008
Language

English
Publisher

Tantor Audio
ASIN

B072M54DYC
Version

Unabridged
Program Type

Audiobook
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Product details

Listening Length	3 hours and 10 minutes
Author	Mary Buffett, David Clark
Narrator	Karen White
Audible.ca Release Date	December 01 2008
Publisher	Tantor Audio
Program Type	Audiobook
Version	Unabridged
Language	English
ASIN	B072M54DYC
Best Sellers Rank	#9,225 in Audible Books & Originals (See Top 100 in Audible Books & Originals) #14 in Financial Accounting #14 in Financial Accouting (Books) #37 in Wealth Management

Customer reviews

4.5 out of 5

2,881 global ratings

5 star		70%
4 star		18%
3 star		7%
2 star		3%
1 star		3%

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Top reviews from Canada

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Samb

Quality of the book

Reviewed in Canada 🇨🇦 on November 19, 2022

Verified Purchase

Nice book

One person found this helpful

Helpful

Trevor Close

Excellent read

Reviewed in Canada 🇨🇦 on October 12, 2021

Verified Purchase

If you're new to the world of finance, or merely looking to augment your knowledge as an investor/trader, then this book will be invaluable to you. Though certainly based in long term thinking; there are innumerable insights within that will help you develop a deeper understanding of the inner workings of a company via its financial statements.

Helpful

MartOuel

Home run!

Reviewed in Canada 🇨🇦 on February 13, 2021

Verified Purchase

Super concise, super clear, the authors are guiding us steps by steps through the financial statements, explaining what every line means, how Buffet analyzes it and what are it's underlying implications. Perfect introduction book to financial statements and Buffet's way of investing.

You have never or almost never read financial statements and you're looking for a book guiding you through the 3 main statements, giving you an overview of the main concepts and telling you how Buffet interprets those concepts. This book is for you.

Helpful

Andre

Easy read, great for beginners

Reviewed in Canada 🇨🇦 on August 25, 2020

Verified Purchase

Nice easy read and straightforward for beginners.

I wish chapters were more than just 2-4 pages long. I also would have enjoyed them using different companies to compare rather than continuously use Coca-Coka or other holdings that Warren Buffet has.

One person found this helpful

Helpful

Amazon Customer

Great book for beginners

Reviewed in Canada 🇨🇦 on August 6, 2019

Verified Purchase

Great book for beginners! Only caveat I noticed in the book was that certain stocks she advocated against having a competitive advantage are in Berkshire’s portfolio.

Aside from that it goes through the process of looking at financial statements very well’. Be sure to read the intelligent investor to pick up some other accounting gimmicks in order to form accurate calculations

One person found this helpful

Helpful

APTX4869

Good book but not for non-financial readers

Reviewed in Canada 🇨🇦 on July 27, 2020

Verified Purchase

The content is pretty abstract. For a person who doesn’t have much fundamental knowledge about financial statement, it’s pretty hard to understand. Also, I can’t seem to find analogy between the examples in the book and some financial statements from online, using the same formula to test understanding. I would recommend people who has some basic knowledge to get more out of the book.

One person found this helpful

Helpful

Nel

Goof

Reviewed in Canada 🇨🇦 on May 8, 2021

Verified Purchase

Goof

Helpful

greg treddies

Excellent book

Reviewed in Canada 🇨🇦 on October 2, 2021

Verified Purchase

more than an excellent and easy to understand book

Helpful

Top reviews from other countries

KateGrove

Repetitive!

Reviewed in the United Kingdom 🇬🇧 on December 27, 2021

Verified Purchase

I really wanted to like this book, really. Although the concepts and explanations are clear enough for a relatively inexperienced investor to understand, the sheer repetitiveness of the author was enough to drive me to the point of returning it.

If you like the saying "durable competitive advantage" then this book is 100% for you. Each short (1-2page) chapter features this saying at least twice. If you're really lucky, it appears twice in one paragraph.

Authors, I get it. Durable Competitive Advantage, but it felt like an NLP exercise and was enough for me to return the book mostly unread. Shame.

One person found this helpful

Paul

"Clickbaity" at best...

Reviewed in the United Kingdom 🇬🇧 on January 30, 2021

Verified Purchase

Horrendously written, and "clickbaity" at best.. It's a shame, because the subject itself is quite interesting. But unfortunately the authors seem more concerned with making money off of Buffett's name rather than putting any effort into the book content itself. It's ripe with errors (difficult to do when covering the basics), and the authors compulsively sprinkle "Warren" and "durable competitive advantage" in what feels like every sentence.. probably to make up for the lack of substance.

6 people found this helpful

percy veer

do not waste your money

Reviewed in the United Kingdom 🇬🇧 on March 1, 2018

Verified Purchase

I cannot believe I fell for this. Without doubt the worst book ever written regarding accounting, financial statements or Warren Buffet. each chapter is about 2 pages, each covering a different element of the accts. A 10 year old could put together a more informative book. There is no depth of analysis, no insight, just the absolute basics of accounting. and by basics I mean , basics. gross profit, / revenue = gross profit margin.

15 people found this helpful

abe

Insane!

Reviewed in the United Kingdom 🇬🇧 on March 13, 2022

Verified Purchase

Insane! 60 pages in and can't believe how brilliant this 👏 is. So simple this number needs to be low this one high this one at this percent.

I thought this book was gonna theoretical but it's something you can apply straight away! May buy second copy as backup to first it's that good!

2 people found this helpful

Caesar

Good read

Reviewed in the United Kingdom 🇬🇧 on February 19, 2022

Verified Purchase

This book breaks down the financials sections of a company, providing a good insight about income statement, balance sheet and statement of cash flow.
It's not exciting but certainly useful.

2 people found this helpful

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Warren Buffett and the Interpretation of Financial Statements: The Search for the Company with a Durable Competitive Advantage Audible Audiobook – Unabridged

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