Warren Buffett Accounting Book: Reading Financial Statements for Value Investing

by Stig Bordersen, Preston Pysh

Another great book by Preston Pysh, this time joined by his partner Stig Brodersen. The first book in their series hinted at some of the topics in this book, placing more of an emphasis on personal psychology and decision making. In this book, the focus is primarily technical, teaching you how to dissect the three financial statements (income statement, balance sheet, and cash flow statement) to make investment decisions. Interestingly, more than giving insight into developing an investment strategy, this also informed how I think about my own business quite a bit.