And over the years, I have found reading a lot of reports to be quite useful in terms of making business decision at Berkshire.
Its amazing, you know, what- how well you can do in investing, really, with what I would call “outside information”. I find inside information- I’m not sure how useful that is.
You can’t read -in my view- you can’t read Wall Street reports and get anything out of them.
You have to do it yourself and get your arms around it. I don’t think we’ve ever gotten an idea, you know, in 40 years from a Wall Street report. But we’ve gotten a lot of ideas from annual reports.
And you can’t get that by looking at a bunch of little numbers on a chart bobbing up and down…