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Warren Buffett is one of the richest men in the world. One of the key components to his multi-billionaire success has been his ability to buy companies with a sustainable competitive advantage. Think Coca-Cola, Moodys or Sees Candy. For this video, we are going to see if we can mimic his success on how to make money, by learning how to identify companies with such a sustainable competitive advantage, more specifically we are going to learn how to do this by analyzing a stock market companys financial statements: the income statement, the balance sheet and the cash flow statement. This is a top 5 takeaways video of Warren Buffett and the interpretation of financial statements written by Mary Buffett and David Clark. Warren Buffett cant emphasize enough how important it is for an investor to be able to understand these statements. He says that they are the language of business and even goes as far as saying that if you dont understand them, you have no business investing in individu
