Warren Buffett explains the 3 main tasks for a board of directors
Warren Buffett and Charlie Munger discuss their experience with boards. From the 2007 Berkshire Hathaway annual meeting.
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Пікірлер: 36
1) Pick the right CEO. 2) Keep that CEO in check (people w/ big jobs can often have big egos and like to make big deals w/ other people's money). 3) Solicit unbiased/independent judgement regarding acquisitions. "You better be getting at least as much as you're giving." Don't be flippant about dilution, it lasts forever.
@udirt
Жыл бұрын
2) yup...
This channel is delivering extremely high value. Thank you so much for this!
Thank you for these wonderful videos. They may not be the best kind of content for monetization but they're very enlightening for those who are interested. :)
BUFFETT AND MUNGER THE TWO SMARTEST GUYS IN THE WORLD 🌎...👍
Guts The right CEO 90% of it takes care of it ■Bring independent judgement on major acquisitions ■Balanced discussion ■we have a sensational group board members at Berkshire 9.47
I agree most acquisitions are duds. Valuations are too high, cultures clash, and synergies almost never materialize.
2:00 rg told me this too 3:03 4:50 M&A advice 6:12 8:20 8:46 9:07 9:12
WOW I just discovered that Charlie Munger is 96 years old.
@st0a
Ай бұрын
Was...😢
@jayl8547
Ай бұрын
Sharp individual.
Boards are paid to be impressive and agree with management.
Awesome
The narrative of this content is rich with inspiration. A book with related themes profoundly influenced me. "The Hidden Empire: Inside the Private Worlds of Elite CEOs" by Adam Skylight
Interesting... OXY management doesn’t seem to have passed these requirements. Very ironic indeed...
@romulus7739
2 жыл бұрын
Huh you still think so?
Crimes
" to where is Amish impossible to exercise independent"
I didn’t watch .. I listened .. one of the speaker’s voices has a caddy resemblance to that of John Goodman character in the big lewbowski… ahhh to be technologically manipulative… I’m listening to educated folks who are to paid to think with legit jobs .. people who pay taxes
Wokeness is a cancer on today’s boards.
Bawse