
The Essays of Warren Buffet
Mindware
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Coke's Co-Purchase Is Not Controlled by Other Institutions
The Berkshire Board is a model every director is a member of a family owning at least $4 billion of stock. No directors receive committee consulting or board fees from the company that are more than a tiny portion of their annual income. Non-management directors own little stock except for shares they had received from the company. Even to an institutional investor, $8 billion to qualify as treasure.
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