We discussed the importance of reading annual reports in the past two posts.
We also briefly discussed the importance of reading financial statements that convey the language of business.
Now here is a small quiz for you – What is that one thing you look for in a company’s financial statements?
Is it to know how much a company is leveraged? Is it to know how profitable the company is? Or is it something else?
The only rule for this quiz is that you must watch the video below only after you first write your answer to – “What do I look for in a company’s financial statements?” – in a piece of paper or in a word file.
Then watch the video below to find what Warren Buffett looks for in financial statements, compare the same with your notes…and then write your views in the Comment section below.
If you are not able to see the video above, click here to see.
What’s the prize for winning the quiz?
Well, the reader who thinks the closest to what I discuss in the video, will get a pat on the back from all other Safal Niveshak tribesmen. What could be a better gift than this?
So let’s see who is thinking like Buffett.