How people! Warren Buffett says people should invest only in companies they understand

When I look at Drawing (Lese: Barc) the past results, reminded from Warren Buffett’s words, who once said: “Never invest in business you don’t understand. “

Like Sharepholder bank, I was interested in 2024 results, released on 12 February. In particular, I reviewed the broad-range of 536 pages company.

What’s in the inside?

It is a impressive script. It has 226,195 words – yes, I checked! According to the average speed of study of 238 words per minute, it can take about 16 hours to read everything. But this is not a break for break. And it can take me a future time to understand everything.

I am a pregnant man so it’s the most interesting numbers. However, financial statements do not start until necessary, it is necessary to cross all forms of information, including business reviews, weather and misconduct.

Economy is obviously a major banking problem. Voice – and its receipt – 3,846 times appear. Indeed, the risk revision runs on 134 amazing pages. Reading potential challenges, I amazed about bank directors who want to get out of bed in the morning.

And then there is little in the weather. Don’t get me wrong, we all need to play our part in saving the planet. But when it continues 78 pages, barclays entering the main detail. Do I really need to know that £ 42bn was borrowed from buildings with a dynamic performance rate of DO?

Coming

Warren Buffett says investors don’t have to shine very bright to make money. He also returns 130 IQ to do it. Unfortunately, mine is not high enough to deal with this very full information.

But there is a very bad thing for things.

I will admit that I don’t understand “The risk of simplifying franchise“Or Basel 3.1 levels.

But I know that Barclays make their money by removing customers to invest in searching, and borrow this channel to others at the highest interest rate. Simple. I do not need to read all 536 pages of the annual Bank annual Bank to understand this.

And by impressive, despite inflation that begins to fall, it has been able to expand its Margin with interest, 2024, to 3.29% (2023: 3.13%).

I know that bank earnings can change. And no guarantees that barclays will meet its stones.

But I have a bank robbery because, when I started investing, I thought they gave a good price. Also, its growth prospects look ready. Today, my opinion has not changed. Based on its 2024 funding of each part 36p, stock trading in Rismatory-to-Realing Ratio of 8.3. This is less than FTSE 100 average.

In encouragement, its 2024 expectations are expected and programs in bank to increase its return in the most visible estimates of a few years.

For these reasons, I think the investment in investors can think of.

But I think time gets reorganizing. An old annual report I can get from the bank from 1990 – runs only 68 pages. If the Chancellor is strong by finding the UK economy, maybe he should let companies focus on raising earnings, rather than their annual reports?