A concise, easy to read guide on the financial statements
For the beginner, who wants to unterstand company financial statements, this is a good book to have. This book gives a step by step commentary into the relevant components of a typical company's financial statement.
SIMPLE Corporate Financial Health Check List
This book is valuable! Think if you were Warren Buffett and looking for a company to invest. How does Buffett choose a company? How about yourself? This book tell you how. By studying this book, you should be able to identify a good company and a crap one. This is how Buffett invests.
Look! On the other side of reading this book, instead of looking at outside, it can teach how to look inside your own. What about your own company? As an entrepreneur, I also use the book as a financial health check list to improve my company. Some said information in this book is too simple and too common. (Everyone should know.) You are right! But you know what! Simple is understandable and usable. Complicated is only interesting. I believe Warren Buffett is a simple guy and that is why he's RICH. Hello Complicated! How much you got? Talking is cheap. (Doing is different!)
Thanks for reading. Get a book. It's worthy and valuable. Trust me!
Informative & Easy to Follow Book
I found this book to be very interesting and an informative investing book. Some investing books can be overwhelming; using terms and formulas that don't make sense and you can't understand where they came up with the numbers they are discussing. You won't find that with this book. This is a small book compared to some with only 173 pages however the layout is wonderful. Within the 173 pages are 57 chapters-that is a little over 3 pages a chapter and it includes a glossary of terms in the back of the book. With these easy to follow and to the point discussions, I could read a chapter and then go straight to [...] Money; pull up the financial statements and look at exactly what I just read. The formulas in the book makes sense and are easy to do myself. I can figure out what the Gross Profit Margin or Net Worth of a company I'm interested in and if it's worth purchasing.
Can we all invest like Warren Buffet? Not exactly, however we can understand the concepts and information to look for so we can make a smarter decision in purchasing our investments. I recommend this book and wish you all the best with your investing future.
Buffett stamp of approval.....Mary Buffett's that is
This book is more for the beginning "investor" who wishes to learn more about investing/finances than he/she already knows, and learn some ideas from the master investor himself. However, the book falls short of any real informative ideas to really further your quest to become the next great investor. There isn't any fresh ideas in here that is worth reading if you are already familiar with finances. However, if you never read a book ever about this sort of stuff, it's a simple straight forward enough book that can help you get started.
Buffett is a legend in the investing world, but anyone who has any money in the market today will tell you all this is bs now with the advance of electronic trading, spreading of false rumors so rapidly, and the immense fear that is gripping our economy and the world.
If you want a refresher course on investing, this is an ok book. It's small enough to fit into your briefcase, but big enough to read everything clearly.
The bible of investing books will always be Benjamin Grahams. If you can only afford one book, get Grahams.
Well done
Warren Buffet's performance over the course of his career has been simply incredible. At this late stage in the game, much is made of his unique prowess in extracting deals the ordinary investor could not possibly get.
But what is frequently overlooked is that the man, with partner Charlie, spent decades doing a tough slog through fundamentals to research companies, industries and markets thoroughly to discover value. Finding value, they committed capital and waited, sometimes for years and years, for the payoff. The payoff nearly always came.
As Mr. Buffett himself will tell you, however, this tough slog is nothing that any other ordinary investor cannot do. It takes discipline and patience. Buffett will direct you to Security Analysis and The Intelligent Investor by Graham. But this book will help too. Being able to read and interpret financial statements is your starting point in analyzing a firm, in the way that a doctor starts by taking your height, weight, temperature and blood pressure. It's fundamental - you cannot do solid fundamental analysis without the ability to sit down with financial statements and build a model in your mind of the company and its financial situation.
For anyone hoping to emulate some measure of Buffett's success, this book should sit alongside the ones by Graham.
(29 reviews)
