"Buffett emphasizes that useful financial statements must enable a user to **answer three basic questions about a business: approximately how much a company is worth, its likely ability to meet its future obligations, and how good a job its managers are doing in operating the business**. " ([Location 554](https://readwise.io/to_kindle?action=open&asin=B01J2SLA5O&location=554)) *** **Tags** — [[quotes]] , [[financial-statements]] **See Also** -- [[Warren Buffett]], [[Charlie Munger]] **Source** — [[202308141129 — B — The Essays of Warren Buffett]]