Warren Buffett Accounting Book: Reading Financial Statements for Value Investing
Preston Pysh is a business, investing, and leadership expert. His business podcast is ranked #1 on iTunes worldwide for stock investing and a variety of other topics. Preston is a top 100 business author on Amazon worldwide. His work has been translated into multiple languages, and he is a Forbes writer who writes about international finance and central banking.
Because Warren Buffett is well-known for his investment abilities, co-authors Stig Brodersen and Preston George Pysh's "Warren Buffett Accounting Book: Reading Financial Statements for Value Investing" focuses on accounting ideas to learn from this renowned investor himself. It's the second book of a three-book series that includes tactics for picking winning stocks.
Most importantly, the book teaches you how to calculate a company's value using two distinct methodologies. Furthermore, potential investors will learn how to interpret an income statement, balance sheet, and cash flow statement—all of which are important when determining which companies to include in their portfolio.
This book teaches:
- Two methods for calculating a company's intrinsic value
- What exactly is a discount rate, and how does it operate?
- Step-by-step instructions for reading an income statement, balance sheet, and cash flow statement
- How to calculate critical ratios in order to properly value any business
Author: Stig Brodersen and Preston George Pysh
Link to buy: https://www.amazon.com/dp/1939370159
Ratings: 4.6 out of 5 stars (from 863 reviews)
Best Sellers Rank: #35,200 in Books
#9 in Managerial Accounting (Books)
#18 in Financial Accounting (Books)
#59 in Investment Analysis & Strategy
