|PDF Title||:||University of Berkshire Hathaway|
|Author||:||Corey Wrenn & Daniel Pecaut|
|Total Page||:||338 Pages|
|PDF Size||:||6.89 MB|
|PDF Link||:||Read and Download|
Here on this page, we have provided option to read “University of Berkshire Hathaway – 30 Years of Lessons Learned from Warren Buffett & Charlie Munger at the Annual Shareholders Meeting PDF” and please feel free to download PDF file for offline reading it from download link Given below to Your Computer/Mobile Storage. For more books from Same Author You can visit PecautandCompany.com & DanielPecaut.com.
University of Berkshire Hathaway – 30 Years of Lessons Learned from Warren Buffett & Charlie Munger at the Annual Shareholders Meeting- Download PDF Book:
“Buffett and Munger took their annual shot at executive stock options, the use of which has become epidemic. Buffett argued such options should have a step-up in exercise price.
Otherwise, they simply become a royalty on the corporation’s buildup of retained earnings. In addition, Buffett argued such options should reflect the business’ intrinsic value, not simply the market price.
Munger remarked that the accounting of options is weak, corrupt and contemptible. Buffett chimed, “Other than that, we’re undecided.” In Munger’s view, the payment of options has gone to wretched excess. Despite the excess, Buffett said the real sin is mediocre management. That is what costs the shareholders money. It is almost impossible to overpay for good management.
For example, Coca-Cola’s market value was $4 billion and stagnant when Roberto Goizueta took over in 1981. Today, the market value is $150 billion. The right manager can have an absolutely huge impact. Find people with brains, energy and integrity, and you can own the world.”
PDF Preview – Read, Think and Grow
Download Link: University of Berkshire Hathaway – 30 Years of Lessons Learned from Warren Buffett & Charlie Munger at the Annual Shareholders Meeting PDF File
Our intention with this initiative is only to help needy people. If the PDF file download link is not working or this PDF Content is Copyright material and if you want to unpublish it, Please REPORT IT.