Warren Buffett: Managements Are “Not The Best Reporting Parties”

The best way to understand a company is to study its financial reports, know everything there is to know about the sector, and don’t pay too much attention to what management says. Q3 2019 hedge fund letters, conferences and more That’s what Warren Buffett told one shareholder at the 2003 Berkshire Hathaway annual meeting, who asked The Oracle of Omaha to give some insight into how he goes about evaluating businesses. If you’re looking for value stocks, and exclusive access to value-focused hedge fund managers, check out Hidden Value Stocks. “The investment business is a business where knowledge cumulates,” Buffett…