MIL-OSI: Focused Compounding Nominates Jacob McDonough (The Guy Who LITERALLY Wrote the Book on Capital Allocation) For Parks! America s June 6th Annual Meeting foreignaffairs.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foreignaffairs.co.nz Daily Mail and Mail on Sunday newspapers.
DALLAS, Jan. 29, 2024 Focused Compounding is pleased to announce the nomination of Jacob McDonough to their board slate for Parks! America Inc’s June 6th annual meeting. Mr. McDonough.
In Just 10 Words, Warren Buffett Described His Single Biggest Mistake. Here s What He Learned Inc. 3/6/2021
Let s talk about Warren Buffett, Berkshire Hathaway, and a giant mistake.
It s a consequential error that comes up repeatedly in Buffett s annual shareholder letters, and that I discuss in my free e-book
It s also a big part of the origin story of Berkshire, which has its roots in a 19th-century textile mill, and which Buffett famously acquired in the 1960s largely because of a perceived slight from the then-CEO, whom Buffett wanted to fire in retaliation.
In the long run, everything turned out well. Revenue from the textile business enabled Berkshire to buy its way into the insurance industry, which proved to be much more attractive. It s now a half-trillion-dollar company, with the highest per-share price of any public stock.
Image: Getty. Illustration: Chloe Krammel
Let s talk about Warren Buffett. He s 90 years old, and he s been the CEO and chairman of Berkshire Hathaway for more than 50 years.
It s probably fair to assume he ll never retire, as long as he stays healthy. He made that pretty clear last year. Same goes for vice chairman Charlie Munger, still going strong at age 98.
But that doesn t mean Buffett has never opined on when
might be the right time to step down. And he s certainly given indications of when he thinks other people should retire both his all-star managers, and ordinary humans like you or me.