In Buffett’s 1999 shareholder letter (the content in italics in this article), he spent a lot of space explaining to investors the taxation, accounting items, and rights and obligations of many corporate M&A options.
Category: FASB
Unreasonable accounting practices in financial statements
In his 1998 shareholder letter, Buffett mentioned several common but unreasonable accounting practices used by listed companies in the U.S. in their financial statements.
Pros and cons of employee stock options as compensation
Employee stock options as compensation, which is beneficial to employees, but damages the rights and interests of investors.
Derivatives are time bombs, several well-known cases
Buffett spent a long time explaining to investors in his 2002 shareholder letter: Why does he think derivative financial products are time bombs?
