Equity investment has always had an interesting phenomenon, that is, despite strict supervision, listed companies have disclosed almost all the information that should be disclosed in the prospectus, quarterly report and annual report. Investors still stick their ears tightly to the wall and want to hear some gossip.

If the company prints the word “top secret” in the annual report and the quarterly report, or it is wrapped in brown kraft paper envelopes, those who receive the quarterly report may have more patience to read it.

Many investors look at the annual report and only look at the text description. The figures in the form never look at it. In fact, the key to judging whether a company is good or bad is not to listen to what he said but to see what he did. Unless the financial fraud, everything the company has done and will do in the future will be reflected in the financial statements. How to quickly get to the key point of a company's financial status from a variety of financial report data is a required course for qualified investors. This video has Peter Lynch teach us his unique "How to Read an Annual Report for a Minute".