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Summary |
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How to Think Like Benjamin Graham and Invest Like Warren Buffett |
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How to Think Like Benjamin
Graham and Invest Like Warren Buffett |
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Guide Rating - |
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Pros |
• Teaches new investors how to calculate ratios for balance
sheets, etc.
• Discusses the importance of management quality
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Gives concrete examples from the
business world |
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Cons |
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The first three chapters are slow,
confusing and boring |
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The Bottom Line -
Although the first few chapters are painstakingly slow and confusing
(the author himself recommends you skip them) the book as a whole is
definitely one that will help you become a better investor. Part
II explains how to calculate inventory turn, receivable turn, and
important financial ratios such as the quick and current (ratio).
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| Guide Review
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"Cash is the ultimate economic payoff"
insists Lawrence Cunningham, author of "How to Think Like Benjamin Graham
and Invest Like Warren Buffett". In his newest book, Cunningham sets
out to lay a broad foundation for what an investor should look for in a
business. In the 250+ pages, he discusses share repurchase programs,
accounting fraud at large corporations, and financial ratios and
calculations. For the average investor, this book can serve as a
helpful introduction to concepts such as discounting back to the present,
inventory turnover, and owner-oriented managements. |
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