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I read annual reports of the company I'm looking at and I read the annual reports of the competitors - that is the main source of material.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
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Company
Annuals
Looking
Annual
Read
Competitors
Reports
Main
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More quotes by Warren Buffett

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We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
Warren Buffett
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I make no effort to predict the course of general business or the stock market. Period. However, currently there are practices snowballing in the security markets and business world which, while devoid of short term predictive value, bother me as to possible long term consequences.
Warren Buffett
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Writing a check separates a commitment from a conversation.
Warren Buffett
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I was lucky enough to be born in a time and place where society values my talent, and gave me a good education to develop that talent, and set up the laws and the finanical system to let me do what I love doing-and make a lot of money doing it. The least I can do is help pay for all that.
Warren Buffett
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... it's important to have the right monetary policy. It's important for, to have the right fiscal policy. But it's nowhere near as important as just the normal regenerative capacity of American capitalism.
Warren Buffett
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We've used derivatives for many, many years. I don't think derivatives are evil, per se, I think they are dangerous.
Warren Buffett
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Trust is like the air we breathe--when it's present, nobody really notices when it's absent, everybody notices.
Warren Buffett
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It's very important that the determination of the US Congress to do what is is needed be made evident this week and by the actions of most of the members. I mean, you're not going to get total assent.
Warren Buffett
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The one piece of advice I can give you is, do what turns you on. Do something that if you had all the money in the world, you’d still be doing it. You’ve got to have a reason to jump out of bed in the morning.
Warren Buffett
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We would do best in a market where everyone acted foolishly.
Warren Buffett
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The most important investment you can make is in yourself... nobody can tax it or take it away from you.
Warren Buffett
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Continually challenge and be willing to amend your best loved ideas.
Warren Buffett
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Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.
Warren Buffett
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What we learn from history is that people don't learn from history.
Warren Buffett
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Outstanding long-term results are produced primarily by avoiding dumb decisions, rather than by making brilliant ones.
Warren Buffett
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The most important quality for an investor is temperament, not intellect.
Warren Buffett
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When people tell me they've learned from experience, I tell them the trick is to learn from other people's experience.
Warren Buffett
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An irresistable footnote: in 1971, pension fund managers invested a record 122% of net funds available in equities - at full prices they couldn't buy enough of them. In 1974, after the bottom had fallen out, they committed a then record low of 21% to stocks.
Warren Buffett
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Success in investing doesn’t correlate with I.Q. Once you are above the level of 25 once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.
Warren Buffett
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Gold has two significant shortcomings, being neither of much use nor procreative.
Warren Buffett