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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
Source
Company
Annuals
Looking
Annual
Read
Competitors
Reports
Main
Material
Materials

More quotes by Warren Buffett

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The first rule is not to lose. The second rule is not to forget the first rule.
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Mr. Market is your servant, not your guide.
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Every company that has an economist working for him has one employee too many.
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First, many in Wall Street - a community in which quality control is not prized - will sell investors anything they will buy.
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... not doing what we love in the name of greed is very poor management of our lives.
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You’ve gotta keep control of your time, and you can’t unless you say no. You can’t let people set your agenda in life.
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I’ve never believed in risking what my family and friends have and need in order to pursue what they don’t have and don’t need.
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Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.
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Wide diversification is only required when investors do not understand what they are doing.
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Don't invest in pieces of papers (stocks), invest in great businesses underlying them
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If principles can become dated, they're not principles.
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Anything can happen anytime in markets. And no advisor, economist, or TV commentator-and definitely not Charlie nor I-can tell you when chaos will occur. Market forecasters will fill your ear but will never fill your wallet.
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Charlie [Munger] and I are not big fans of resumes. Instead, we focus on brains, passion and integrity.
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Truly conservative actions arise from intelligent hypotheses, correct facts and sound reasoning.
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A pack of lemmings looks like a group of rugged individualists compared with Wall Street when it gets a concept in its teeth.
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Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
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Investment must be rational if you can't understand it, don't do it.
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No formula in finance tells you that the moat is 28 feet wide and 16 feet deep. That's what drives the academics crazy. They can compute standard deviations and betas, but they can't understand moats.
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Investment students need only two well-taught courses - How to Value a Business and How to Think About Market Prices
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Forecasts may tell you a great deal about the forecaster they tell you nothing about the future.
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