Warren Buffett and the Interpretation of Financial Statements: The Search for th

Description: Warren Buffett and the Interpretation of Financial Statements by Mary Buffett, David Clark The bestselling team behind "The Tao of Warren Buffett" and "The New Buffettology" has written a unique, accessible guide that explains how Warren Buffett deciphers corporate financial statements and how his methods can help others make winning investments. FORMAT Hardcover LANGUAGE English CONDITION Brand New Publisher Description With an insiders view of the mind of the master, Mary Buffett and David Clark have written a simple, easy-to-follow guide for reading financial statements from Warren Buffetts successful perspective. Buffett and Clark clearly outline Warren Buffetts strategies in a way that will appeal to newcomers and seasoned Buffettologists alike. Inspired by the seminal work of Buffetts mentor, Benjamin Graham (The Interpretation of Financial Statements, 1937), this book presents Buffetts interpretation of financial statements with anecdotes and quotes from the master investor himself. Potential investors will discover: -Buffetts time-tested dos and donts 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 Buffetts simple financial calculations and methods for interpreting a companys financial statement, theyll be well on their way to identifying which companies are going to be tomorrows 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. Author Biography Mary Buffett is the coauthor of Scribners bestselling Buffettology series, and a contributor to HuffPost and the online magazine Thrive Global. Marys online school--BuffettOnlineSchool.com--provides monthly investment insights and helps students learn to build successful stock portfolios. For over twenty years, David Clark has been considered the worlds leading authority on the subject of Warren Buffetts investment methods. His international bestselling investment books, The Tao of Charlie Munger and those coauthored with Mary Buffett--Buffettology, The Buffettology Workbook, The New Buffettology, The Tao of Warren Buffett, Warren Buffett and the Interpretation of Financial Statements, The Management Secrets of Warren Buffett, Warren Buffett and The Art of Stock Arbitrage, and The Warren Buffett Stock Portfolio--have been translated into more than twenty languages and are considered "investment classics" the world over. Table of Contents IntroductionChapter 1: Two Great Revelations That Made Warren the Richest Person in the WorldChapter 2: The Kind of Business That Will Make Warren SuperrichChapter 3: Where Warren Starts His Search for the Exceptional CompanyChapter 4: Durability Is Warrens Ticket to RichesChapter 5: Financial Statement Overview: Where the Gold Is HiddenChapter 6: Where Warren Goes to Find Financial Information THE INCOME STATEMENTChapter 7: Where Warren Starts: The Income StatementChapter 8: Revenue: Where the Money Comes InChapter 9: Cost of Goods Sold: For Warren the Lower the BetterChapter 10: Gross Profit/Gross Profit Margin: Key Numbers for Warren in His Search for Long-Term GoldChapter 11: Operating Expenses: Where Warren Keeps a Careful EyeChapter 12: Selling, General, and Administrative ExpensesChapter 13: Research and Development: Why Warren Stays Away from ItChapter 14: Depreciation: A Cost Warren Cant IgnoreChapter 15: Interest Expense: What Warren Doesnt WantChapter 16: Gain (or Loss) on Sale of Assets and OtherChapter 17: Income Before Tax: The Number That Warren UsesChapter 18: Income Taxes Paid: How Warren Knows Who Is Telling the TruthChapter 19: Net Earnings: What Warren Is Looking ForChapter 20: Per-Share Earnings: How Warren Tells the Winners from the Losers BALANCE SHEETChapter 21: Balance Sheet in GeneralChapter 22: AssetsChapter 23: Current Asset Cycle: How the Money Is MadeChapter 24: Cash and Cash Equivalents: Warrens Pile of LootChapter 25: Inventory: What the Company Needs to Buy and What the Company Needs to SellChapter 26: Net Receivables: Money Owed to the CompanyChapter 27: Prepaid Expenses/Other Current AssetsChapter 28: Total Current Assets and the Current RatioChapter 29: Property, Plant, and Equipment: For Warren Not Having Them Can Be a Good ThingChapter 30: GoodwillChapter 31: Intangible Assets: Measuring the UnmeasurableChapter 32: Long-Term Investments: One of the Secrets to Warrens SuccessChapter 33: Other Long-Term AssetsChapter 34: Total Assets and the Return on Total AssetsChapter 35: Current LiabilitiesChapter 36: Accounts Payable, Accrued Expenses, and Other Current LiabilitiesChapter 37: Short-Term Debt: How It Can Kill a Financial InstitutionChapter 38: Long-Term Debt Coming Due and the Troubles It Can CauseChapter 39: Total Current Liabilities and the Current RatioChapter 40: Long-Term Debt: Something That Great Companies Dont Have a Lot OfChapter 41: Deferred Income Tax, Minority Interest, and Other LiabilitiesChapter 42: Total Liabilities and the Debt to Shareholders Equity RatioChapter 43: Shareholders Equity/Book ValueChapter 44: Preferred and Common Stock: Additional Paid in CapitalChapter 45: Retained Earnings: Warrens Secret for Getting SuperrichChapter 46: Treasury Stock: Warren Likes to See This on the Balance SheetChapter 47: Return on Shareholders Equity: Part OneChapter 48: Return on Shareholders Equity: Part TwoChapter 49: The Problem with Leverage and the Tricks It Can Play on You THE CASH FLOW STATEMENTChapter 50: The Cash Flow Statement: Where Warren Goes to Find the CashChapter 51: Capital Expenditures: Not Having Them Is One of the Secrets to Getting RichChapter 52: Stock Buybacks: Warrens Tax-Free Way to Increase Shareholder Wealth VALUING THE COMPANY WITH A DURABLE COMPETITIVE ADVANTAGEChapter 53: Warrens Revolutionary Idea of the Equity Bond and How It Has Made Him SuperrichChapter 54: The Ever-Increasing Yield Created by the Durable Competitive AdvantageChapter 55: More Ways to Value a Company with a Durable Competitive AdvantageChapter 56: How Warren Determines the Right Time to Buy a Fantastic BusinessChapter 57: How Warren Determines It Is Time to SellAppendixSelect Glossary of TermsAcknowledgmentsIndex Review "Just as top musicians memorize scales, and the best golfers perfect swings at the driving range, investors who want sustainable, good returns must master the critical basics that Mary Buffett and David Clark lay out for us in this clear explanation of Warren Buffetts methods. I dont think there has been a better time for investors to relearn the fundamentals. Follow these methods and you will see results!" - Timothy P. Vick, senior portfolio manager, The Sanibel Captiva Trust Company, and author of How to Pick Stocks Like Warren Buffett Review Quote "Just as top musicians memorize scales, and the best golfers perfect swings at the driving range, investors who want sustainable, good returns must master the critical basics that Mary Buffett and David Clark lay out for us in this clear explanation of Warren Buffetts methods. I dont think there has been a better time for investors to relearn the fundamentals. Follow these methods and you will see results!" - Timothy P. Vick, senior portfolio manager, The Sanibel Captiva Trust Company, and author ofHow to Pick Stocks Like Warren Buffett Details ISBN1416573186 Author David Clark Short Title WARREN BUFFETT & THE INTERPRET Language English ISBN-10 1416573186 ISBN-13 9781416573180 Media Book Format Hardcover DEWEY 332.6 Year 2008 Imprint Simon Spotlight Entertainment Subtitle The Search for the Company with a Durable Competitive Advantage Country of Publication United States Alternative 9781400160297 Place of Publication New York Residence Hollywood, CA, US Qualifications Ph.D. Affiliation Flinders University DOI 10.1604/9781416573180 AU Release Date 2008-10-14 NZ Release Date 2008-10-14 US Release Date 2008-10-14 UK Release Date 2008-10-14 Pages 224 Publisher Simon & Schuster Publication Date 2008-10-14 Audience General We've got this At The Nile, if you're looking for it, we've got it. 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