CAPITAL ALLOCATION
Thoughts

CAPITAL ALLOCATION

“If you buy something with a 10% free cash flow yield and hold it for 3 years, management is going to be responsible for allocating a third of the value of the company over that time. You have to really care about that” Adam Weiss In his 1987 letter to investors, Warren Buffet made the following […]

Re-Investment
Article

Great Re-Investment Opportunities

“After ten years in the job, a CEO whose company retains earnings equal to 10% of net worth, will have been responsible for the deployment of more than 60% of all capital at work in the business.” Warren Buffett “Over a period of years, our thinking has focused more and more on the issue  of reinvestment as the single most critical […]

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