How well do you know your spouse or children? You might have stayed with your spouse and kids for many years but can you say for certain you know every single thing about them? Knowing about people in-depth is a very challenging task. In the same way, when researching into a company, the most difficult task to ascertain is the integrity of management. However, that doesn’t mean you can chuck aside this nebulous part when researching into a company. Looking into the management is one of the most important aspects of investing. If you don’t know who’s running the company, how are you going to trust your hard-earned money with them? To get a glimpse of the management’s integrity and competence, you can read the Chairman’s statement that is in the Annual Report of the ...