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Does management resist the institutional imperative?
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Management
Doe
Institutional
Imperative
Imperatives
Resist
Investing
More quotes by Warren Buffett
All but a few of the organizations do not specifically promise to deliver superior investment performance although it is perhaps not unreasonable for the public to draw such an inference from their advertised emphasis on professional management.
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Having first rate people on the team is more important than designing hierarchies and clarifying who reports to whom.
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Asking for financial advice from a financial planner is like asking a barber if you need a hair cut.
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[Gold] gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.
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Investment ideas, like women are often more exciting than punctual.
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You can't help some increase from this point. I don't want any viewer to go away think a magic wand exists in Congress. So they're going to see some more bad news. But if we do this, we're doing the right thing.
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