We recently ran across an interview where Warren Buffett discusses several small strategies he employs when valuing a stock, in particular PetroChina, one of his investments at the time. An interesting suggestion on Buffett’s part is to read a company’s annual report before knowing anything about the company’s price or market value. According to him, this helps him get a more objective idea of how much a company may be worth.
When the interviewer asked something along the lines of: “How did you find Petrochina’s report when no one knew about it”? Buffett responded: “Well, some men read Playboy, I read annual reports”.
shaun noll // June 25, 2009 at 12:53 pm |
man, too bad it cuts out early! that is an intresting interview but would be great to hear the entire thing, he was really relaxed and just dishing out the wisdom there