Topics that are the foundations of business and includes recommended reading
This article explores possibilities for American Businesses through the lens of financial posterity. The article also considers how the effect of competition, given this view, should operate in a capitalist economy. The objective of this article is to remind the…
The problem of managing well is multifaceted. In contrast to many key topics of discussion on this website which attack conventional thinking, the study of managerial excellence is a field that continues to provide a lot of value. Perhaps one…
So you have a grand vision for becoming the next great investor like Carl Icahn, Steve Schwarzman, Bill Ackman, or Warren Buffett? Many of the public articles on this topic are cursory and aimed at driving clicks with no real…
What is the best incentive compensation plan for managers? Managers of acquired companies? or general managers? Incentives are just rewards associated with specific goals or actions. Goals should be (1) tailored to the economics of the specific operating business; (2)…
What are Monopolistic Businesses? By definition, a monopoly is the exclusive possession or control of the supply of or trade in a commodity or service. In reality, monopolistic businesses are rare and rarely exhibit full control of their market, but…
Walter J. Schloss was a well know Value Investor and former employee of Benjamin Graham at the Graham-Newman Partnership where he worked alongside Warren E. Buffett. Born in August of 1916, he began his career on Wall street at 18…
Cost of capital is the concept that a real cost exists for the use of every source of a company’s funds. As an manager or investor, I want to use the funds I have available to me as efficiently as…
Risk should be thought of in the vein of Fermat and Pascal:Probability of loss X amount of possible loss from the probability of the gain X amount of possible gain. When I was a young analyst I had the opportunity…
What makes a business a good business? The best type of business? This list is was generated by reviewing personal notes during operating experience and a compiled set of notes from public information shared by Berkshire Hathaway. This article seeks…
This is the complete list of books recommended by Warren Buffett. This list compiles every book mentioned in the course of interviews, annual reports, and other mentions. We have aimed to provide a complete set of resources spanning the lexicon…