It's simply to say that managers and investors alike must understand that accounting numbers is the beginning, not the end, of business valuation.


1982 Chairman's Letter - Letters to Shareholders (1957 - 2012)


It's simply to say that managers and investors alike must understand that accounting numbers is the beginning, not the end, of business valuation.

It's simply to say that managers and investors alike must understand that accounting numbers is the beginning, not the end, of business valuation.

It's simply to say that managers and investors alike must understand that accounting numbers is the beginning, not the end, of business valuation.

It's simply to say that managers and investors alike must understand that accounting numbers is the beginning, not the end, of business valuation.