Warren Buffett Accounting Book: Reading Financial Statements for Value Investing

A very good book on investing. It teaches the way Warren Buffett invests in stocks. I would appreciate it if the author explains how to calculate the intrinsic value of a stock with more easy examples.

Excellent book to read if you want to learn value investing.

This is a must read for those who are serious in investing in stocks on basis of company fundamentals. The book explains the details behind the corporate accountancy terminologiee in the simplest way possible. It also provides the formula for getting the intrinsic value of any stock via Cash flow basis or Book value method.

In depth knowledge has been shared through easy layman language.

Very well explained all accounting concepts. Recommended for those who have no or little knowledge of accounting.

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

I liked how the author has covered relevant investing terms and topics. However, the content is not deep enough with examples. With the understanding of cash flow statement being paramount, it is surprising that the topic came up only in the last quarter of the book. A good book if this your first book on the value investing process. Thanks

Excellent book for investors who don't have accounting background. Fundamentals are explained very clearly. Would suggest to read this as a first book before reading any other finance book for investing.