@MaichBlack
"Does Warren Buffett visit companies or talk to management?

When asked this question during the Annual Meeting of Berkshire Hathaway in 2003, he replied,

“About 40 or 50 years ago, I did a lot of talking to managements. I used to go out and take a trip every now and then and drop in on maybe 15 or 20 companies. I haven’t done that for a long, long time. Today, everything we do, pretty much, I find through public documents.

I try to understand the business and not have any preconceived notions. There is adequate information out there to evaluate a great many businesses.

We do not find it particularly helpful to talk to managements. Managements frequently want to come to Omaha. And they usually have a variety of reasons why they say they want to talk to me. But what they’re really hoping is that we get interested in their stock. And that never works.

The managements are not the best reporting parties in most cases. The figures tell us more than management. So we do not spend any real amount of time talking to management. Before we buy a business, we look at the record to determine what the management’s like."

http://knowledge.conscio...r+talk+to+management%3F

This is not to say he would have invested in Uchumi. Just defending the use of public records.

I can confirm without fear or contradiction Britam and Equity are time bombs! Time will tell!

KQ has more assets than Equity. This is a zombie thread

hmm.. I would prefer person A since the debt can be cleared at some point, kila mtu yuko na deni

Assets don't count for sh!t if they are outstripped by liabilities. That is taught in class 4 I think!!!

@Obiero

Person A has assets worth 10m and liabilities worth 25m.

Person B has assets worth 200k and liabilities worth 5k.

Who is richer? Who would you rather be???