Warren Buffett Accounting Book: Reading Financial Statements for Value Investing Paperback – Illustrated, 28 April 2014

Brilliant book.

Wow! This book is absolutely brilliant, as a beginner this explains everything you need to know in the greatest of detail and in the simplest terms. I really couldn’t recommend this book enough for anyone looking to start analysis of company financials. A big thank you to the authors this is a game changer for me.

If you have a little understanding of corporate accounts, but not much, this book will help you to understand and interpret the accounts of a company in which you are interested. For that it is useful. Inevitably it is incomplete - you could write 100 pages.The book adopts the 'Value' approach advocated by Benjamin Graham. In the modern context this has limitations.The book includes formulae to calculate 'Intrinsic value' and otherwise. These are of limited use as they depend on the assumptions made; and so can produce misleading results.If you are serious about using 'fundamental analysis' then you would take out a subscription to Sharescope or Stockopedia which does all the work for you, and gives a wider perspective than Value'.However, in all cases this book is useful to understand common basic concepts.

This is a book that I am going to keep close to hand during my investing career. With very clear descriptions it provides the language and the maths (nothing difficult) to be able to analyse a given company’s accounts.

Easy to understand, concise and packed full of information. I have read a number of investing books and this one, coupled with the buffettbooks website and YouTube lessons (both free) explain key terms and what to look for. I also like how it gives extra detail, for example, it may say “ look for a Ratio below 1.5 because..” Highly recommended.

Fantastic book. I am a massive fans of the Investors podcast so thought I would buy the book. It is really clear, easy to follow and has some excellent exampled for the beginner like me. The second half beefs up so it is a great learning tool too.

The maths made it a bit sticky for an old gibber, but in conjunction with the website video's "very illuminating" my understanding of company accounts has been reformed and my share choices will probably reflect this, lets hope I still make a profit. I personally used the book in conjunction with Stockopedia which I pay for. The Buffet website used msn money.

Chapter 4 is the only really useful part of the book. Otherwise the content isn’t great. It’s as basic as - turnover and revenue are the same thing. I wanted something a bit more insightful.

well worth the read, highly recommended.

Ottimo libro per capire i dati di bilancio di un'azienda. Utilissimo per chi vuole studiare la tecnica del value investing. Scritto in modo chiaro con il tipico piglio anglosassone.

Unlike other financial books that light up the interest with attractive titles but end up giving a mundane and mediocre lessons this book by professor stig is straight to the point, explains several intricacies behind the intrinsic value calculation, DCF model, Warren buffet model to find intrinsic value etc, with crystal clear examples. Beautiful book. The best investment book. One thing I truly find missing is the common skepticism that one could find with a professor especially when he deals with a matter that involves too many agents/force making the system appear totally chaotic that makes the predictability of its future outcome not 100% accurate. Even a company that grew at a steady rate, paid off consistent dividends, or did something such as share buybacks, issue of bonus shares to improve the value of the return to owners consistently cannot be expected to be doing the same in the future. Predictability of a system on which act many unknown forces at a time whose origins or cause cannot exactly be tracked is almost impossible. Next I want to study about chaos theory, information theory , and prediction studies to create a good model to predict the influences of unknown forces on a system and how to make it gain from randomness rather than sinking

This is a very good book for those who want start learning about financial statements. It is very didactic and has a clear language.

excellent