Buffett believes that companies that lack a durable competitive advantage are always updating their property, plant and equipment (PP&E). I do not manage any actual investments in these apps. I use them for informational purposes. Simplistic to the point of being insulting (they even have a chapter devoted to "proving" that the lower price you pay, the higher your yield), redundant and annoying in the frequency of use of phrases "Warren says", "Warren does" and "Warren thinks" -- it reads like a true. Buffett likes to look for companies that spend under 30% of their gross profits on SGA expenses. Removing this book will also remove your associated ratings, reviews, and reading sessions. Borrow: Many of the books I review are available at your local library. Warren Buffett and the Interpretation of Financial Statements: The Search for the Company with a Durable Competitive Advantage Mary Buffett , David Clark This book gives a different point of view when you are considering investments. Warren Buffett and the Interpretation of Financial Statements: The Search for the Company with a Durable Competitive Advantage (Inglés) Pasta dura – Deckle Edge, 14 octubre 2008 por Mary Buffett (Autor), Associate Professor School of Law David Clark Ph.D. (Autor) This statement is comprised of three elements: Warren Buffett and the Interpretation of Financial Statements: The Search for the Company with a Durable Competitive Advantage: Buffett, Mary, Clark Ph.D., Associate Professor School of Law David: Amazon.sg: Books Because of this, these companies do not have to continually spend their money reinventing their products. This was one of the most redundant books that I've ever read. I think this book is more suited to the beginner investor. Written by his daughter and son-in-law, this book breaks down key terms and each part of the financial statement. User Review - Flag as inappropriate getAbstract Book Review: Warren Buffett and the Interpretation of Financial Statements Financial statements hold clues about the future performance of a company, and Warren Buffett’s quest to find such clues has put him among the ranks of the wealthiest people in the world, according to Buffett experts Mary Buffett (his former daughter-in-law) and David Clark. She used the terms at least once a page. Mary Buffet and David Clark provided the full summary of all the key points related to the financial statements and future performance of the firm in their summary of Warren Buffett and the interpretation of financial statements. If I ever hear "durable competitive advantage" again or see the word "superrich", I will literally scream. The durable competitive advantage can be generated through the investment strategy and become a great fortune for the invest… As a result, PP&E keeps adding up on the balance sheet. The book uses the example of Intel. This was unintentionally hysterical given that her redundancy was noticeable on page 5. If Intel fails to spend a significant amount of money on R&D then they will fall behind in the fast-paced world of computing. Warren Buffett and the Interpretation of Financial Statements ist in erster Linie kein Buch über Unternehmensanalyse, sondern eine Ansammlung von simplen Binsenweisheiten und Daumenregeln zur Geldanlage. Fewer shares also create an increase in earnings per share. For this, he consults the financial statements of companies that survived successfully for many decades through, mostly, common online search engines. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. Thank you. Simplistic to the point of being insulting (they even have a chapter devoted to "proving" that the lower price you pay, the higher your yield), redundant and annoying in the frequency of use of phrases "Warren says", "Warren does" and "Warren thinks" -- it reads like a true pamphlet from a sect of zealots. You can see my Questrade review here https://battleshipinvesting.com/questrade-review/ Could you also list down best mobile apps which one can use for tracking/researching/investing? The book takes you through a line by line analysis of the three financial statements: The book focuses on what each line of the financial statement means. 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