The Ideal Annual Report: "I like to know as much as I can about the person that’s running it and how they think about the business and what’s really going on in the business. In other words, I would like to have a report that would be identical to what — if I owned half of a company but was away for a year, and I had a partner who owned the other half — when I came back, that he would tell me about what had taken place during the past year and what he foresaw coming up and all of that." ~Warren Buffett
[Full Videos of Berkshire Hathaway Annual Meeting 1996]
[ABOUT - Collection: Warren Buffett]
Whenever, I search up on fund managers that practice value investing. All of them done 1 common thing that is, they study whatever they can about Warren Buffett from his annual letters, annual meeting or even interviews. Hence, I decided to do the same and share it together with all of you so that we can learn and grow together :)
[My 2 Cents]
3 reasons why you should read competitors' annual reports:
1. To understand the industry during the past year. 2. To evaluate the management decision. 3. To compare the company's financial performance with the competitors.