| Warren Buffett and Charlie Munger describe how they analyze financial statements at the Berkshire Hathaway Annual Shareholder’s Meeting. The question is asked by Bill Ackman of Perishing Square. Buffett talks about the Balance Sheet and Income Statement. This process is important in Warren Buffett’s investment strategy of calculating the intrinsic value of a company and deciding which stocks to buy.
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Charles Thomas Munger (born January 1, 1924) is an American investor, businessman, former real estate attorney, architectural designer, and philanthropist. He is vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett; Buffett has described Munger as his partner. Munger served as chairman of Wesco Financial Corporation from 1984 through 2011. He is also chairman of the Daily Journal Corporation, based in Los Angeles, California, and a director of Costco Wholesale Corporation.
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