Why Warren Buffett reads annual reports

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5 жыл бұрын

Warren Buffett explains the benefits of reading annual reports. From the 1996 Berkshire Hathaway annual meeting.
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Пікірлер: 96

@jonathancorcoran9427 5 жыл бұрын

Masters of Value Investing...

@Go4Yourz 4 жыл бұрын

Annual Reports are so useful to investing. I can't imagine investing in equities without them.

@alexm566 3 жыл бұрын

wsb says sup

@menzies09er 3 жыл бұрын

They are mostly useless, and I have an accounting degree. Markets empirically learn nothing from them

@koma7778 3 жыл бұрын

But you dont need to read them all, just look at thr numbers and metrics

@danbo967 3 жыл бұрын

@@menzies09er I disagree. An annual report gives me as an investor such a good grasp of the business. It’s strengths, weaknesses, what is growing, what part is shrinking, what is the business going to change in the coming months, years.

@menzies09er 3 жыл бұрын

@@danbo967 I believe most of those things can be learnt outside of the reports, its easy to learn whats happening in a sector. As I said, the research on it says that its very rare that the release of company accounts has much impact on the share price, so clearly they arent too useful, or the types of info contained in them is acquired elsewhere before they are publicly released.

@uccigucci7095 4 жыл бұрын

Question asker: "Mr Profit" Warren Buffet: Close enough

@boganmama 4 жыл бұрын

Or is it "Mr Prophet", a reference to his nickname, The Oracle of Omaha?

@eyelessclowned 3 жыл бұрын

@@boganmama 😂😂😂😂😂

@eyelessclowned 3 жыл бұрын

😂😂😂😂😂😂😂😂😂😂😂

@lokeshsharma279 2 жыл бұрын

Looks like more Reference to crisis series

@FrankCastle1993 3 жыл бұрын

This question is more important than it sounds

@johanhendrikventer1270 4 жыл бұрын

One of the most usefull videos ever.....(or at least that I have seen on this channel)

@Tomherbs 5 жыл бұрын

These clips are great

@ReflectionOcean 7 ай бұрын

- Read annual reports to understand a business and its management (0:34) - Analyze competitor reports for industry insights (1:45) - Dedicate time to absorb and relate information from reports (3:45)

@maalikserebryakov 5 ай бұрын

bro quoting timestamps like he’s actually gonna do something

@borderlord 4 жыл бұрын

"Other guys read Playboy,I read Annual Reports " Warren Buffett (Currently worth $80 Billion 😬)

@chaldean7043 4 жыл бұрын

Does playboy have an annual report? I would love to spend a hour or so reading it.

@ChaceBonanno 4 жыл бұрын

@@chaldean7043 lol no it's a private company

@lildankgang450 4 жыл бұрын

@@ChaceBonanno they do have annual reports, they don't have a sec filing like a 10k or 10q, 13f...

@candyfloss184 3 жыл бұрын

Avoid Wall Street reports....rather try understanding the annual reports for 6 to 7 hours.

@627horsepowers 3 жыл бұрын

Warren explains the positives of reading an annual report and Charlie explains the negatives.

@robbybee70 2 жыл бұрын

and that may be, why they are a good team

@maalikserebryakov Жыл бұрын

@@robbybee70nd why warren is 10x richer than Charlie Mongrel

@batsupremacist3214 3 жыл бұрын

Charlie can see the future with those glasses 😎

@sober_junkie5709 2 жыл бұрын

lmao

@scientific5254 5 жыл бұрын

Thank you!

@VikasYadav-gt4pg 5 жыл бұрын

Thanks for uploading this informative video

@sailormoon5293 4 жыл бұрын

Charlie giving us some wisdom 😂

@thomaslibbey5694 5 жыл бұрын

Thank you

@senthilkumar-wt1zz 5 жыл бұрын

great video.

@brunomatias9124 2 жыл бұрын

If you want to invest in a company, Focus on the management of the company. There is an intent behind a report. Be an intelligent owner of a business. Learn the industry backdrop, with Annual reports. Takes a long time to read, but you get a good understanding. It is the way one learns about business. You don’t learn by reading market commentaries alone.

@SurgeEquityResearch Жыл бұрын

It’s extremely easy to spot fraud in financials

@Je.rone_ 4 жыл бұрын

Such a great Great video😦

@micheltavares9141 3 жыл бұрын

Best channel!!!!

@Greg_Chase 3 жыл бұрын

**HE'S NOT A SHAMBONE** WB is a reliable guy with tons of business acumen. No one would think of him as a shambone.

@valueinvestingwithconnor5581 3 жыл бұрын

Couldn’t agree more.

@gordongordon98 4 жыл бұрын

I’m from Bodymore

@LM01234 3 жыл бұрын

In the Bill & Melinda Gates Foundation Trust annual reports, you can see how much money Berkshire Hathaway (owned by Buffett), contributes to the trust

@jessewheeler5357 Жыл бұрын

His question changed half way through

@batsupremacist3214 3 жыл бұрын

That water looks good

@uh6537 3 жыл бұрын

Statler and Waldorf of finance

@user-or7ji5hv8y 3 жыл бұрын

Sound advice. When Buffett says it, then it becomes obvious.

@cianmcgrath3051 3 жыл бұрын

when he says annual report does he mean the one in 10-k's or the annual report to shareholders

@zach4216 3 жыл бұрын

10k

@billykhoabillykhoa7844 3 жыл бұрын

The annual report is good if you want to learn about the business in general and it sometimes contains a letter from the CEO. 10-k are more detailed, contains more financial data and where you wanna go if you want to dig deep into the numbers of the business. So annual report for company’s model/strategy and 10-k for detailed numbers. Both are very useful.

@627horsepowers Жыл бұрын

Both.

@andresc1987 3 жыл бұрын

The title is ridiculous!! 🤣

@Showmetheevidence- 4 жыл бұрын

Some VERY insightful comments in this short clip. If you really think about what he’s saying...

@tonyppe 4 жыл бұрын

Basically, get your head stuck in to the company you want to own, as well as its competitors!

@candyfloss184 3 жыл бұрын

4:00 each report for 1 hr and each industry for 7 to 8 hrs

@zach4216 3 жыл бұрын

@drek273 3 жыл бұрын

More and more. And when you’ve done more, do more

@Barkotina 3 жыл бұрын

What is a Wall Street report?

@fendermon 3 жыл бұрын

Analyst reports done by banks or stock trading firms. @gregory

@vysakhsp1341 4 жыл бұрын

P and L Balance sheet Cash flow You get an idea where the company is at

@drek273 3 жыл бұрын

you need more than that. depreciation interest on debt, RND Gross margins etc. read warren buffett and the interpretation of financial statements

@irfaanmohammed3839 3 жыл бұрын

@@drek273 And also, the future plans and the growth potentials that the company has is also important

@drek273 3 жыл бұрын

@irfaan Mohammed thank you. I’ll take that into account as well

@l4k 3 жыл бұрын

45 minutes... lol

@kuldeep2869 3 жыл бұрын

Only 100k people are benefited from this useful video

@jasonschnitker6526 25 күн бұрын

What?

@amdistant5547 3 жыл бұрын

It's fine trying to read annual reports but you have to be an accountant to even understand and make sense of them. So while Buffett's answer is great, it's really not much use to the average investor / lay person.

@irfaanmohammed3839 3 жыл бұрын

Even a normal person can master it, the thing is you need to practice and understand some word financial words which is quite unusual for a normal average investor

@drek273 3 жыл бұрын

@AM Distant that’s a pessimistic and fixed mindset mentality. You need to understand accounting? Then learn accounting. It’s not rocket science. When I wanted to learn about financial statements I read books and studied accounting

@amdistant5547 3 жыл бұрын

@@drek273 It's not that easy. If learning accounting and then reading annual reports was the key. All accountants in the country would be millionaires. Financial experts who run billion dollar mutual funds can't beat the index. Buffett has been studying the stock market since he was 16. He has been personally taught and trained by the best of the best in Benjamin Graham. For the rest of us who have regular jobs, we're kidding ourselves to think we have what it takes to pick stocks. All we're doing is buying and hoping.

@drek273 3 жыл бұрын

@@amdistant5547 ugh u sound like a loser no offense. who said thats all u need to invest? of course theres more to it. but if u keep making excuses youll never be succesful. Stop looking for the holy grail and just learn all that you can learn

@amdistant5547 3 жыл бұрын

@@drek273 No offense but you're the one who sounds like a loser with your "I can do anything", shoot baskets like Michael Jordan and have stock picking abilities like Warren Buffett. Get your head out of the sand and BE REAL, it's one thing to be smart and quite another to be delusional. Even Buffett when asked how the average investor can pick stocks like he does responded by saying - don't, just buy the index.