4min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP531: Mark Leonard: The Best Capital Allocator You've Never Heard of

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

CSI's 2014 Letter to the Board of Directors

Leonard: Cutting my compensation will allow me to lead a more balanced life, with a less oppressive sense of personal obligation. I've traditionally traveled on economy tickets and stayed at modest hotels because I wasn't happy freeloading on the shareholders. "I'm getting older and wealthier and find that I'm willing to trade more of my own cash for comfort, convenience, and speed," he says.

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