The accuracy of that prediction can be suggested by our quarterly results during 2018. In the first and fourth quarters, we reported GAAP losses of $1.1 billion and $25.4 billion respectively. In the second and third…
The accuracy of that prediction can be suggested by our quarterly results during 2018. In the first and fourth quarters, we reported GAAP losses of $1.1 billion and $25.4 billion respectively. In the second and third…
Ralph, though married, and having one child, had determined to accompany me in this voyage. It was thought he intended to establish a correspondence, and obtain goods to sell on commission; but I found afterwards, that,…
Warren Buffett《Berkshire Hathaway 2014 Letter to Shareholders》· 2014 Chairman's Letter · Investing
With that in mind, we have added a new set of data – the historical record of Berkshire’s stock price – to the performance table on the facing page. Market prices, let me stress, have their limitations in the short term. Monthly or yearly movements of stocks are often erratic and not indicative of changes in intrinsic value. Over time, however, stock prices and intrinsic value almost invariably converge. Charlie Munger, Berkshire Vice Chairman and my partner, and I believe that has been true at Berkshire: In our view, the increase in Berkshire’s per-share intrinsic value over the past 50 years is roughly equal to the 1,826,163% gain in market price of the company’s shares.
Ralph, though married, and having one child, had determined to accompany me in this voyage. It was thought he intended to establish a correspondence, and obtain goods to sell on commission; but I found afterwards, that,…
Benjamin Franklin:The Autobiography of Benjamin Franklin, Excerpt 27
Benjamin Franklin《The Autobiography of Benjamin Franklin》· The Autobiography of Benjamin Franklin · Leadership
Thus I spent about eighteen months in London; most part of the time I work'd hard at my business, and spent but little upon myself except in seeing plays and in books. My friend Ralph had kept me poor; he owed me about twenty-seven pounds, which I was now never likely to receive; a great sum out of my small earnings! I lov'd him, notwithstanding, for he had many amiable qualities. I had by no means improv'd my fortune; but I had picked up some very ingenious acquaintance, whose conversation was of great advantage to me; and I had read considerably.
The accuracy of that prediction can be suggested by our quarterly results during 2018. In the first and fourth quarters, we reported GAAP losses of $1.1 billion and $25.4 billion respectively. In the second and third…
Henry Ford《My Life and Work》· Chapter VI · Leadership
When we are at work we ought to be at work. When we are at play we ought to be at play. There is no use trying to mix the two. The sole object ought to be to get the work done and to get paid for it. When the work is done, then the play can come, but not before. And so the Ford factories and enterprises have no organization, no specific duties attaching to any position, no line of succession or of authority, very few titles, and no conferences. We have only the clerical help that is absolutely required; we have no elaborate records of any kind, and consequently no red tape.
The accuracy of that prediction can be suggested by our quarterly results during 2018. In the first and fourth quarters, we reported GAAP losses of $1.1 billion and $25.4 billion respectively. In the second and third…