Question: Do the notes to the financial statements add value to investors, or have they evolved from tradition? While listening to talk radio on your way

Do the notes to the add value to investors, or have they evolved from tradition? While listening to talk radio on your way home from work, you heard someone say, “Everything you need to know about a company should be either in the balance sheet, income statement, or statement of cash flows. If you can’t find it in there, it is not worth knowing! Besides that, the notes are too complex to understand!” Do you agree with this assumption?

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