getAbstract Summary: Get the key points from this book in less than 10 minutes.

Financial statements hold clues about the future performance of a company, and Warren Buffett's quest to find such clues has put him among the ranks of the wealthiest people in the world, according to Buffett experts Mary Buffett (his former daughter-in-law) and David Clark. Seeing the interpretation of financial statements through Warren Buffett's eyes is both instructive and insightful. He routinely calculates meaningful financial ratios from line items in financial statements to distinguish the most promising companies from the rest. Although financial novices may have the most to learn from this book, the authors include savvy bits of "Buffettology" for more seasoned investors' benefit. getAbstract recommends this book to readers who want a basic introduction to financial statement analysis and, perhaps more importantly, who want to learn how "the Oracle of Omaha" picks his winning investments.

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Copyright © 2008 by Mary Buffett and David Clark. Reprinted by permission of Scribner, a Division of Simon & Schuster, Inc., N.Y.