Seeking Alpha

Unconventional ...'s  Instablog

Unconventional Capital Wisdom
Send Message
"Worldly wisdom teaches us that it is far better for reputation to fail conventionally than to succeed unconventionally." - John Maynard Keynes We are ok being lonely and taking an unconventional approach to investing, for that is where we find the greatest long-term success. Although... More
My company:
Unconventional Capital Wisdom LLC
  • Historic Annual Reports 3 comments
    Apr 4, 2014 6:11 PM | about stocks: KO, WFC, DIS, BAC

    Warren Buffett often quotes numbers from historic annual reports such as the number of cases Coca-Cola sold in 1938 and has said he's read every annual report of Bank of America (NYSE:BAC) since 1950. Its safe to assume that he's read almost every annual report in existence for the companies he has owned. Its a little unfair, however, because other investors have limited to no-access to historic annual reports, yet I feel that reading as many historic annual reports are absolutely necessary to building one's investment wisdom. The SEC database only goes back to 1994, but the corporate world did not begin in 1994; there is a whole century of corporate reports that people do not have access to.

    How nice would it be to get the data from Coca-Cola's (NYSE:KO) 1929 annual report online? Or have the ability to click a button and get a summary of the events found in Wells Fargo's (NYSE:WFC) 1986 annual report? Or have access to a database that aggregates the income statement data each year for Disney (NYSE:DIS) from 1950 - 1960? Sounds like a fantasy world, right?

    Well, I have a vision to create such a place and fortunately have access to a never ending supply of old annual reports. Keep checking back here for more updates on this project.

    Themes: Historic, Annual Reports Stocks: KO, WFC, DIS, BAC
Back To Unconventional Capital Wisdom's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (3)
Track new comments
  • Acme Capital
    , contributor
    Comments (73) | Send Message
     
    Very cool. Looking forward to the updates.
    4 Apr 2014, 06:58 PM Reply Like
  • Josh Zachariah
    , contributor
    Comments (15) | Send Message
     
    Great idea, a lot of the historical annual reports are either behind a pay-wall via library or with the SEC and they usually require a couple dollars per page to photocopy. Wells Fargo, Wal-Mart and others do post annual report for the past several decades on their website just FYI
    6 Apr 2014, 11:16 AM Reply Like
  • Unconventional Capital Wisdom
    , contributor
    Comments (245) | Send Message
     
    Author’s reply » Josh,

     

    Thanks for pointing that out, didn't notice that. But most still don't go back much further than the 60s.

     

    What are some things that you would like to have the capability of doing with old historical articles?
    7 Apr 2014, 02:36 PM Reply Like
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.