About the Book 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. Book Synopsis 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 . Review Quotes 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 About the Author 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.