Book: Buffett and financial statements
For a newbie like me, it is always difficult to figure out what's the real company under the surface. Those financial statements just make perfect sense to me :( I know they must hide something somewhere within those numbers, but I am not able to figure them out. This book about financial statements interpretation may be a good start point.
Following is a review from MagicDiligence.
There is really not much else to say about the book. For beginning investors, it's a good introduction to interpreting financial statements, and gives some insight i
nto Warren Buffett's investing strategy from a quantitative point of view. For these readers, I would recommend Interpretation as a good starting point. For more experienced investors, particularly value investors who are well-versed in Buffett, there is not much new material here to interest them. Instead, might I recommend Pat Dorsey's excellent The Five Rules for Successful Stock Investing, which has the same basic format but in much more detail and with more insight. MagicDiligence will be publishing a review of that book soon.
The financial statements and those tricks to beautify them are evolving. This new book may give some new ideas on the interpretation of financial statements.
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