<b><P> With an insider's view of the mind of the master, Mary Buffett and David Clark have written a simple guide for reading financial statements from Warren Buffett's succccessful perspective. </b> <P> Buffett and Clark clearly outline Warren Buffett's strategies in a way that will appeal to newcomers and seasoned Buffettologists alike. Inspired by the seminal work of Buffett's mentor, Benjamin Graham (<I>The Interpretation of Financial Statements</i>, 1937), this book presents Buffett's interpretation of financial statements with anecdotes and quotes from the master investor himself. <P> Potential investors will discover: <P> ? Buffett's time-tested dos and don'ts for interpreting an income statement and balance sheet<br /> ? Why high research and development costs can kill a great business<br /> ? How much debt Buffett thinks a company can carry before it becomes too dangerous to touch<br /> ? The financial ratios and calculations that Buffett uses to identify the company with a durable competitive advantage -- which he believes makes for the winning long-term investment<br /> ? How Buffett uses financial statements to value a company<br /> ? What kinds of companies Warren stays away from no matter how cheap their selling price <P> Once readers complete and master Buffett's simple financial calculations and methods for interpreting a company's financial statement, they'll be well on their way to identifying which companies are going to be tomorrow's winners -- and which will be the losers they should avoid at all costs. <P> Destined to become a classic in the world of investment books, <I>Warren Buffett and the Interpretation of Financial Statements</i> is the perfect companion volume to <I>The New Buffettology</i> and <I>The Tao of Warren Buffett</i>.