[My Takeaway] 1. Focus on the business and don't pay most of your attention on P/E, P/B, P/S ratios. 2. It's tough to make money from shorting obvious fraud companies. [DEFINITION - Short Selling] https://www.investopedia.com/terms/s/shortselling.asp [Full Videos of Berkshire Hathaway Annual Meeting 1996] https://buffett.cnbc.com/1996-berkshire-hathaway-annual-meeting/ [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] I also thought of short selling obvious fraud companies because it is really not hard to find but, if Warren said 'it's very tough to make money from short selling obvious fraud companies.' I won't do it.