The Importance of Incentives

Warren Buffett owns dozens of different companies through his investment vehicle called Berkshire Hathaway. There's only two things that Warren Buffett will not let go of and he won't negotiate with the CEO is not allowed to control them. Those are capital allocation decisions and salary and incentive decisions those if you know if Warren Buffett may make sure that those are the only two things he manages for every business he owns and he's worth 86 billion.