Warren Buffett explains the 3 main tasks for a board of directors

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4 жыл бұрын

Warren Buffett and Charlie Munger discuss their experience with boards. From the 2007 Berkshire Hathaway annual meeting.
Top ten investment books;
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The Dhandho Investor by Mohnish Pabrai: amzn.to/2PqQDgk
One Up On Wall Street by Peter Lynch: amzn.to/39JM2Kk
Ben Graham's Security Analysis: Sixth Edition, Foreword by Warren Buffett: amzn.to/2XNYtAh
The Little Book of Common Sense Investing by Jack Bogle: amzn.to/2UsGk8T
Common Sense on Mutual Funds by Jack Bogle: amzn.to/2Uxu2wl
Common Stocks and Uncommon Profits by Phil Fisher: amzn.to/2XOCU2v
Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger by Peter Kaufman: amzn.to/2oBddW4
The Essays of Warren Buffett: Lessons for Corporate America: amzn.to/3EwbNxx
(The above are affiliate links.)

Пікірлер: 36

@do_regan 4 жыл бұрын

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...

@paulzbikowski5087 4 жыл бұрын

This channel is delivering extremely high value. Thank you so much for this!

@kolokolok 4 жыл бұрын

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. :)

@zaraallysha 3 жыл бұрын

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

@davidg.2217 2 жыл бұрын

BUFFETT AND MUNGER THE TWO SMARTEST GUYS IN THE WORLD 🌎...👍

@joaopedrobarbosa3378 4 жыл бұрын

WOW I just discovered that Charlie Munger is 96 years old.

@st0a Ай бұрын

Was...😢

@jayl8547 29 күн бұрын

Sharp individual.

@5starCA 3 жыл бұрын

I agree most acquisitions are duds. Valuations are too high, cultures clash, and synergies almost never materialize.

@Unknowledgeable1 9 ай бұрын

2:00 rg told me this too 3:03 4:50 M&A advice 6:12 8:20 8:46 9:07 9:12

@questflow 4 жыл бұрын

Awesome

@michaelclennan8425 Жыл бұрын

Boards are paid to be impressive and agree with management.

@JoeM370 7 ай бұрын

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

@ZyuunTakeNotes 4 жыл бұрын

Interesting... OXY management doesn’t seem to have passed these requirements. Very ironic indeed...

@romulus7739 2 жыл бұрын

Huh you still think so?

@ronniedelahoussayechauvin6717 Жыл бұрын

Crimes

@PryZmFiXion 8 күн бұрын

" to where is Amish impossible to exercise independent"

@Mollymonroe272 2 ай бұрын

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

@5starCA 3 жыл бұрын

Wokeness is a cancer on today’s boards.