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A "Strong Buy" and an Absolutely Durable Investment(Rating: 5) Not only was the book brief and concise, it's also written in such a simple language that even an amateur can understand at the first glance. For the more advanced reader, or even the seasoned value investor, this book gives insight into Warren Buffett's "secret holy grail" to successful investing.
The basics of financial statements are briefly introduced, where the analysis of each of the three parts are structured neatly into small sections and chapters for the reader to understand more easily. Although it's not rocket science, these nuts and bolts of financial analysis can prove to be quite challenging for a beginner in accounting. Where appropriate, the book also clearly distinguishes Buffett's different views and arguments with traditional Graham-based value investors, which make this book an overall great book for both beginners and experts alike.
Books guide value investment in stock market(Rating: 5) A very good book for rational investors who invest in share market.It based on Warren Buffet's way of selecting share's in the stock market to minimize your risks but maximizing gains over a long term .It lead you to financial freedom by wise investments in the share market.
Great book(Rating: 5) Great book. Really lets you understand financial statements that companies put out every quarter. I wouldnt say this book lets you pick winners but it lets you understand the money matters of a company.
I have 10 years experience with the stock market but always looking for new theories and ideas.
I took the information from this book and made up a formula to pick undervalued companies by their balance sheets. I turned my $5000 TFSA into $9400 today.
I recommend this book to anyone who has experience with stock market and wants to learn more.
Written for pre-teens(Rating: 1) While the book provides a few useful rules-of-thumb (which could be gleaned in the time it takes to have a cup of coffee), it's written in such a dumbed-down way as to prove annoying beyond belief.
The book's "chapters" are drawn from the line items on the income statement and balance sheet -- sample revelation: "Chapter 40: Long Term Debt: Something that great companies don't have a lot of". If you need to know that, you might want to avoid picking your own stocks and buy an ETF.
The average length of each chapter is 2-3 pages. Some merely say that the line item is not important for measuring the long-term competitive advantage of a company.
More annoying is the authors' use of glib, familiar phrases like "what makes Warren superrich", and the glib, cutesy wrap sentences that end each chapter. Check a few chapter endings out on-line or in store.
This book might be good for a Grade 9 intro to investing or accounting class, but anyone else would be better off with something more substantive. I like Graham's Intelligent Investor which is an enjoyable read but goes into great depth.
J Carson
Ottawa
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