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TIP555: Lessons from the World's Greatest Capital Allocators
We Study Billionaires - The Investor’s Podcast Network
The Power of Long Term Relationships
The average CEO spends 20% of their time communicating with Wall Street, which Buffett largely considers a waste of time. Berkshire took the idea of decentralization to the extreme and had only 23 individuals at the corporate headquarters in Omaha. Thorndike explains that this extreme form of decentralization increases the overall efficiency of the organization by reducing overhead and releasing the entrepreneurial spirit.
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