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In today's video, we will learn how to read an annual report or a 10k, as it is known for US businesses. As a long-term investor analyzing the fundamentals of a business, it is crucial to read annual reports from multiple years for a company as well as for competing businesses in the same industry. The video will break down the process of reading an annual report, focusing on which sections to prioritize and which sections to skim through. Reading annual reports is essential for making informed investment decisions.