Why you should read annual reports

Do you read annual reports? In the video below Warren Buffett is sharing some interesting views of why you should :

I find it interesting that he recommends to also read the annual reports by the competitors of the companies you own. I mean it makes a lot of sense. You want to know how they are doing and see if your company is sticking out in any way. All in all another must watch video by Warren Buffett

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