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The thing that stands out in Buffett's letters (including this one), is his commitment to clearly communicating the true health of the company in the most accur
by sethev 7y ago
The thing that stands out in Buffett's letters (including this one), is his commitment to clearly communicating the true health of the company in the most accurate way possible. That's missing in a lot of corporate communication, which try to spin results or invent creative metrics that make the company look better.
He always shares GAAP as well but will usually point out where he thinks it not useful.
- ksec 7y ago>That's missing in a lot of corporate communication, Instead of a lot, How about the other way around, name a Fortune Global 500 company that actually communicate the true health of the company in the most accurate way possible. Because honestly apart from Berkshire, I dont see one. And I cant blame them, after all their job is to tell you everything is ok.