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I cannot believe I fell for this. Without doubt the worst book ever written regarding accounting, financial statements or Warren Buffet. each chapter is about 2 pages, each covering a different element of the accts. A 10 year old could put together a more informative book. There is no depth of analysis, no insight, just the absolute basics of accounting. and by basics I mean , basics. gross profit, / revenue = gross profit margin.
This book is both interesting as it is informative. It’s a simple concept that makes complete sense Though difficult to apply especially when a company is going through a bad patch. When shares are loosing You money instinctively you sell. Unless of course your name is Warren Buffett !
Horrendously written, and "clickbaity" at best.. It's a shame, because the subject itself is quite interesting. But unfortunately the authors seem more concerned with making money off of Buffett's name rather than putting any effort into the book content itself. It's ripe with errors (difficult to do when covering the basics), and the authors compulsively sprinkle "Warren" and "durable competitive advantage" in what feels like every sentence.. probably to make up for the lack of substance.
I don’t normally leave reviews but I felt this book deserves it. This book is very much for beginners but that is what I am so it served it’s purpose great for getting me started. Everything is explained very well and in plain English , I am very happy with this book and would reckoned for anyone who is interested in getting started on finding great companies.
I bought this book as an introduction to the intracacies of finance relating to shares. As a total newcomer this book has been invaluable. Mary Buffet is a gifted teacher, she assumes nothing and explains everything very clearly and simply. As a teacher myself I appreciate someone who has great knowlege who can explain complex subjects clearly. Not everyone can do this. If you are a novice like me who needs this kind of book then you will be very happy you bought it.
If you are a more accomplished invester but want to understand how Warren Buffet uses parts of the balance sheet to find the profitable durable advantage companies that are the mainstay of his stock picking then this will be a great buy for you too.
I have bought other books written by the author and look forward to reading them too.
For those readers, such as myself, who wanted a relatively easy to follow and comprehend guide to the basics of Financial Statements I would recommend this book. The book is well structured and I found clearly written. In order to extract the best out of the book's content and lessons/advice I read it from start to finish in one sitting and then went through it all again with the financial statements of three live companies in front of me to really get to grips with the information, this worked for me, it may not work for anyone else.
Great book! Very well explained and illustrated. Lame man examples used to help understand the basic principles and application of identifying company shares that have a competitive edge. Highly recommend if you want to understand financial statements of company stocks.
if you are like me and don't have your accountancy exams then this book is a great place to start if you want to understand financial statements and see if the company you are looking at is another enron. it wont make you warren buffet, but it's a quick read and a good primer...