Warren Buffett and the Interpretation of Financial Statements: The Search for the Company with a Durable Competitive Advantage

Not only was the book brief and concise, it’s also written in such a simple language that even an amateur can understand at the first glance. For the more advanced reader, or even the seasoned value investor, this book gives insight into Warren Buffett’s “secret holy grail” to successful investing. The basics of financial statements are briefly introduced, where the analysis of each of the three parts are structured neatly into small sections and chapters for the reader to understand more easily. Although it’s not rocket science, these nuts and bolts of financial analysis can prove to be quite challenging for a beginner in accounting. Where appropriate, the book also clearly distinguishes Buffett’s different views and arguments with traditional Graham-based value investors, which make this book an overall great book for both beginners and experts alike.

Pretty good book. Provides useful benchmarks (from Warren's perspective) to evaluate companys' competitive advantage

Simplest book to understand the financial statement. So Far the best book i have ever read to understand as simple as a addition and subtraction table. Even kindergarden will understand financial statement after reading this book.