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

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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 readers complete and master Buffett's simple financial calculations and methods for interpreting a company's financial statement, they'll be well on their way to identifying which companies are going to be tomorrow's winners -- and which will be the losers they should avoid 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.
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