10 K
topic on 2 shows · 3 statements across 3 episodes
the Knowledge Project 
Capital Allocators
3 statements about 10 K, every show
Hale: Rebuilding cost structures from zero base beats relying on 10-Ks
“That analysis of let's just ignore what you see in the 10 K. Let's just build up zero base. What does this business cost structure look like? That is by far, I think the most important exercise that we do early in our due diligence process.”
Martin: Deep business understanding comes from 10-Ks, not 10-Qs or secondary research
“I want to understand the business. You're going to get that from what we call original source documents, which is 10 K's, mostly K's, Q's, you're not getting a lot.”
Immelt: Listing 45 risk factors means a company effectively has none
“If you pick up a, an annual report for any company or a 10 K or 10 Q, they'll have 45 risk factors, right? If you have 45 risk factors, you really have none. I would much rather see a company list. Here are the three biggest risk factors and make the CEO, not …”