You could say that’s probably the most important role of a CEO, yet practically none are trained in it. The background Buffett has is probably the best approach to train & emulate for a CEO and CFO. What % do you feel of market cap increase over time comes down to capital allocation efficiency? Awesome article as usual!
Great article, Gary, by the way any great book recommendations on capital allocation? And, for those ( maybe not the one you mentioned in the article) pipeline companies ( MLPs), seems there are legal things mandating them to pay a large dividend, and for new projects, they need to raise new equity capital.
You could say that’s probably the most important role of a CEO, yet practically none are trained in it. The background Buffett has is probably the best approach to train & emulate for a CEO and CFO. What % do you feel of market cap increase over time comes down to capital allocation efficiency? Awesome article as usual!
Great article, Gary, by the way any great book recommendations on capital allocation? And, for those ( maybe not the one you mentioned in the article) pipeline companies ( MLPs), seems there are legal things mandating them to pay a large dividend, and for new projects, they need to raise new equity capital.
Excellent piece. Very relevant to the work I do.