"This book provides a comprehensive overview of financial statements and the key elements that Warren Buffett looks for in a company. It is a great reference tool for those beginning to study value investing and fundamental analysis, and is a great value for those looking to invest in Warren Buffett. However, the writing is basic and the concept of a ""durable"" competitive advantage is not relevant for those looking for detailed insights into what Warren Buffet may look at in a company's financial statements."