#88 Warren Buffett's Shareholder Letters— All of them!
Founders
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Understanding Financial Derivatives and Corporate Governance
This chapter examines the pitfalls of financial derivatives and the lack of comprehension about risk exposure among top financial institutions, as forewarned by Warren Buffett. It underscores the necessity of true independence in corporate governance, advocating for a model where directors have personal stakes in their companies to effectively hold CEOs accountable.
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