When it comes to valuing businesses, Warren Buffett has a reputation for detail. He spends hours every day reading annual reports, trying to understand not just the companies he owns and wants to own, but their competitors as well. It has been reported that before he decided to start buying Coca-Cola stock, the Oracle of Omaha read 100 years of the company's annual reports.
Q1 hedge fund letters, conference, scoops etc
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With this being the case, it is somewhat surprising that, as Berkshire Hathaway has grown...
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