quote by Warren Buffett

Other guys read Playboy. I read annual reports.

— Warren Buffett

Interesting Annual Reports quotations

When asked how he became so successful in investing, Buffett answered: 'we read hundreds and hundreds of annual reports every year.


Annual reports quote A stupid man's report of what clever man says can never be accurate, because he
A stupid man's report of what clever man says can never be accurate, because he unconsciously translates what he hears into something he can understand.

The world is full of CEOs that think that just because they write a memo or they write a letter inside an annual report or they give a little video speech that gets sent around the company, they think that's what's really going to affect employees.

Annual reports quote Every customer is a reporter
Every customer is a reporter
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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.

When I take a look at a company's annual report, if I don't understand it, they don't want me to understand it.

My first job at Graham-Newman was to prepare the annual report for that 10th year.


Read Ben Graham and Phil Fisher read annual reports, but don't do equations with Greek letters in them.

Even in writing an annual report, the unconscious plays a role.

Clients have no trouble paying $5,800 for an hour in a Gulfstream corporate jet or $425 for a month of parking. But God forbid they spend $3 per on a glossy annual report.

If when a businessman speaks of minority employment, or air pollution, or poverty, he speaks in the language of a certified public accountant analyzing a corporate balance sheet, who is to know that he understands the human problems behind the statistical ones? If the businessman would stop talking like a computer printout or a page from the corporate annual report, other people would stop thinking he had a cash register for a heart. It is as simple as that -- but that isn't simple.

It's true that the gender pay gap is complicated.

It's true that it is very slowly getting smaller. But that doesn't mean it doesn't exist. It would have to be a pretty HUGE conspiracy for every reputable major news outlet to report on it annually if it was a massive feminist lie.


I've already written a section in the annual report for next year explaining why I think in one case that the figures on our balance sheet as calculated are wrong. But it's the standard way of doing it. It's holy writ. The SEC wants us to do it that way, and we'll do it that way, and I'll explain why I think it's wrong and shareholders can read it and see whether they agree with my logic or don't.

A 2011 report produced by Forrester Research estimated that the revenue generated through the sales of smartphone and tablet applications will reach $38 billion annually by 2015. Think about that: An industry that did not exist in 2006 will be generating $38 billion in revenues within a decade. . . .

In his annual economic report to Congress President Bush said that the transfer of American jobs overseas is actually part of a positive transformation that will enrich the U.S. economy over time. So basically, losing your job to someone else can be a good thing. Of course we'll see how he feels about that in November.

A ten per cent reduction in military expenditures per year would be reasonable, coupled with a programme of retraining the workforce and redirecting the resources in a manner that creates employment and advances social welfare. I also encourage all States to contribute to the UN's annual Report on Military Expenditures by submitting complete data on national defence budgets.