Warren Buffett And The Interpretation Of Financial Statements: The Search For The Company With A Durable Competitive Advantage  (Paperback, David Clark, Mary Buffett)

Both beginning Buffettologists and seasoned Buffettologists will find Buffett and Clark's lucid explanation of Warren Buffett's techniques to be appealing. This book, which was inspired by Buffett's mentor Benjamin Graham's seminal work The Interpretation of Financial Accounts (The Interpretation of Financial Statements, 1937), illustrates Buffett's analysis of financial statements through personal experiences and quotes. Prospective investors will learn: -Buffett's tried-and-true guidelines for reading a balance sheet and income statement. Why a great company can be destroyed by expensive research and development costs -How much debt Buffett believes a business can have before it becomes untouchable -The financial measures and calculations that Buffett use to pinpoint the business with a long-lasting competitive advantage, which he thinks makes for the best long-term investment.