Your Board is equally enthusiastic about my successor as CEO, an individual to whom they have had a great deal of exposure and whose managerial and human qualities they admire. (We have two superb back-up candidates…
Your Board is equally enthusiastic about my successor as CEO, an individual to whom they have had a great deal of exposure and whose managerial and human qualities they admire. (We have two superb back-up candidates…
Warren Buffett《Berkshire Hathaway 1977 Letter to Shareholders》· 1977 Chairman's Letter · Investing
Most companies define “record” earnings as a new high in earnings per share. Since businesses customarily add from year to year to their equity base, we find nothing particularly noteworthy in a management performance combining, say, a 10% increase in equity capital and a 5% increase in earnings per share. After all, even a totally dormant savings account will produce steadily rising interest earnings each year because of compounding.
Benjamin Franklin:The Autobiography of Benjamin Franklin, Excerpt 36
Benjamin Franklin《The Autobiography of Benjamin Franklin》· The Autobiography of Benjamin Franklin · Leadership
The utility of this currency became by time and experience so evident as never afterwards to be much disputed; so that it grew soon to fifty-five thousand pounds, and in 1739 to eighty thousand pounds, since which it arose during war to upwards of three hundred and fifty thousand pounds, trade, building, and inhabitants all the while increasing, tho' I now think there are limits beyond which the quantity may be hurtful.
Your Board is equally enthusiastic about my successor as CEO, an individual to whom they have had a great deal of exposure and whose managerial and human qualities they admire. (We have two superb back-up candidates…
Andrew Carnegie:Autobiography of Andrew Carnegie, Excerpt 40
Andrew Carnegie《Autobiography of Andrew Carnegie》· Chapter VI · Leadership
It was the custom of our party to spend Sunday afternoons in the woods. I kept the first check and showed it as we sat under the trees in a favorite grove we had found near Wood's Run. The effect produced upon my companions was overwhelming. None of them had imagined such an investment possible. We resolved to save and to watch for the next opportunity for investment in which all of us should share, and for years afterward we divided our trifling investments and worked together almost as partners.
Your Board is equally enthusiastic about my successor as CEO, an individual to whom they have had a great deal of exposure and whose managerial and human qualities they admire. (We have two superb back-up candidates…