New Delhi, Jan. 16 -- Billionaire investor Warren Buffett looks at a company's balance sheet instead of its income statement before making an investment decision as it is "harder to hide or play games", noting that Wall Street really doesn't pay much attention to the document.

Speaking at Berkshire Hathaway's 60th annual general meeting (AGM) in 2025, the Oracle of Omaha explained that he also reviews and "looks at the financial statements of about 50 or 60 of our companies every month".

Notably, the ace investors stepped down as CEO of Berkshire Hathaway, with successor Greg Abel taking over the reins in January 2026.

Explaining his rationale, Warren Buffett stated: "I spend more time looking at balance sheets than I do income stateme...