Moneywise24 Personal Finance

Knowing how to read financial statements is the absolute key to analyzing the health and potential of corporations. Mary Buffett and David Clark have written this book to help readers find their way through the maze of financial statements.

According to Mary Buffett and David Clark in their book Warren Buffett and the interpretation of financial statements: The Search for the Company with a Durable Competitive Advantage, Warren Buffett’s main strategy was to invest in companys and corporations which are durable, expanding, or having the potential to do so. In order to be able to determine the performance of a company within its industry and the global marketplace, the ability to read, understand and analyze finacial statements and information is essential.
The book’s introduction starts with an overview of Warren Buffett’s strategies, and what made him the richest person in the world, after which the book continues to explain and break down the three basic elements of a financial statement:

• the income statement
• balance sheet
• cash flow statement

Each chapter focuses on one specific piece of the above elements, the writing style of the book making it easy to read; you do not have to be a financial expert. Additionally, Mary Buffett and David Clark have included sufficient examples, to underline or explain the basic theory. In addition, the structure of the book and how the chapters are organized make it easy to use the book as future reference for looking up specific information.

ISBN-13: 978-1-4165-7318-0
ISBN-10: 1-4165-7318-0