Today is like a capitalist holiday. Not only did we get Warren Buffet’s seminal shareholder letter over the weekend, but given that it is Leap Day, we get an extra day of production that is not in most bank’s budget (if it is, that is some expert-level budgeting). To celebrate, we will save you extra time by breaking down the 7 main takeaways from Berkshire Hathaway annual letter written by the CEO of capitalism itself, Warren Buffet, that will add value to your bank.
Tag: Shareholder Meetings
You have probably experienced this at your bank - You hold a shareholder meeting and of your 1,000 shareholders, only twenty people showed up and ten were directors, two were past employees and five were there for the free lunch. Your chairwoman shrugs at the turnout and then jokes that at least you don’t have any activist in the crowd. You all have a quick meeting, a good lunch and then get back to work. However, on the way back you just feel like there is something more. The reality is – you are missing something.