My Simple Process for Reading 10-Ks
How to Really Understand a Business: Start With the 10-K and Proxy
Most people hate reading filings. I get it. But without them, you simply can’t understand a business. Once a company passes my quick mental screener, I go into the filings, and this is how I read financials.
Business Section
This section tells you the basics you actually need:
What does this business do? What problem is it solving? Who are the customers, a…


