“Other guys read Playboy, I read annual reports.” Warren Buffett on selling PetroChina

Now, I didn’t look at the [stock] price first. I look at the business first and try to figure out what it’s worth.
– Warren Buffett

Warren Buffett was on the recently launched Fox Business network (search for “Warren Buffett”) confirming and talking about his decision to sell PetroChina. It was an insightful interview. When Liz asked Warren how did he find an annual report like the PetroChina to read, his reply was golden, “Other guys read Playboy, I read annual reports.

I am a big fan of Warren and I recommend his video interview with Charlie Rose and this video talk with some MBA students. And I even have a tag to group my Warren Buffett related blog entries for easy access. Enjoy.

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