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This book is simple and straightforward, but as some people have mentioned, some part of the book is a little redundant. If you are pretty new to Finance, or if you happen to have the book at hand, or if you could borrow it from somewhere, you can make notes easily, maybe you don't have to buy it.
It helped me a WHOLE LOT. I have a degree in communication but I was very interested in investing. This book is excellent for folks who do not have a background in finance but are interested in investing in the stock market. Apart from teaching you the basics of how to read through financial statements, It goes on to demonstrate to the reader how WARREN BUFFET himself does it. I spent nearly six months searching for a book or some source of knowledge on how to properly research companies listed on the various stock exchanges. This book was the answer. You get WARRENS perspective about companies that have what he likes to call "a durable competitive advantage." The book basically explains why WARREN stands out as an investor and the reasons for his never ending success. I certainly would reccommend this book to anyone who is interested in investing in the stock market.
This book was helpful in making sense of financial statements of publicly traded companies. It is certainly written for a non-expert, something a bright high school student should be able to understand. However, it is written in the Talk Radio format of repeating your point, repeating your point, repeating your point ad nauseum. If you can get by that (and to do that I reminded myself that even people with ADD will be buying this book), then it's well worth the read.
Coca-Cola's earnings had been growing at an annual rate of around 10%".And other nonsense I can't be bothered to remember.No doubt, Warren Buffett is too focused on important issues to worry about nonentities trading on his name but it would be nice to see him use a smidgeon of his "super super(wealth)" they keep on harping on about to sue the pants off the authors and publisher. p163 - "Coca-Cola's earnings had been growing at an annual rate of around 15%".
Somebody buying this book as a present, for example, sees "Warren Buffet" in big writing on the cover and doesn't suspect it is written by two charlatans who can't even balance their sample "balance sheet".The publisher, too, Simon and Schuster must be hammered for not having done the most rudimentary proof reading:-1. This book is a disgrace.
p71 - balance sheet doesn't balance.3. p70 - ""Current Liabilities".
includes Cash, Investments, Inventory, Receivables,.".2. p168 - ".
Book arrived in great condition but it took about 2 weeks to arrive. I thought it would come sooner than that, but am happy with the book.
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