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Warren Buffett and the Interpretation of Financial Statements: The Search for the Company with a Durable Competitive Advantage

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.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…

The Interpretation of Financial Statements

“All investors, from beginners to old hands, should gain from the use of this guide, as I have.”From the Introduction by Michael F. Price, president, Franklin Mutual Advisors, Inc.Benjamin Graham has been called the most important investment thinker of the twentieth century. As a master investor, pioneering stock analyst, and mentor to investment superstars, he…

Long-Term Portfolio Simulation – For XVA, Limits, Liquidity and Regulatory Capital

The changes in financial markets and regulatory environment following the financial crisis created many new analytics requirements. These requirements include those for computing CVA. In addition, advanced limit management based on potential future exposure (PFE) has taken an increased role following the crisis. Calculation of PFE-based limits also requires simulation of portfolio to maturity in…