Warren Buffett explains the 3 main tasks for a board of directors

Warren Buffett and Charlie Munger discuss their experience with boards. From the 2007 Berkshire Hathaway annual meeting.
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[@do_regan]

1) Pick the right CEO.
2) Keep that CEO in check (people w/ big jobs can often have big egos and like to make big deals w/ other people's money).
3) Solicit unbiased/independent judgement regarding acquisitions. "You better be getting at least as much as you're giving." Don't be flippant about dilution, it lasts forever.

[@udirt]

2) yup...

[@paulzbikowski5087]

This channel is delivering extremely high value. Thank you so much for this!

[@kolokolok]

Thank you for these wonderful videos. They may not be the best kind of content for monetization but they're very enlightening for those who are interested. :)

[@davidg.2217]

BUFFETT AND MUNGER THE TWO SMARTEST GUYS IN THE WORLD 🌎...👍

[@zaraallysha]

Guts
The right CEO
90% of it takes care of it
■Bring independent judgement on major acquisitions
■Balanced discussion
■we have a sensational group board members at Berkshire 9.47

[@5starCA]

I agree most acquisitions are duds. Valuations are too high, cultures clash, and synergies almost never materialize.

[@joaopedrobarbosa3378]

WOW I just discovered that Charlie Munger is 96 years old.

[@st0a]

Was...😢

[@jayl8547]

Sharp individual.

[@Unknowledgeable1]

2:00 rg told me this too
3:03
4:50 M&A advice
6:12
8:20
8:46
9:07
9:12

[@questflow]

Awesome

[@michaelclennan8425]

Boards are paid to be impressive and agree with management.

[@JoeM370]

The narrative of this content is rich with inspiration. A book with related themes profoundly influenced me. "The Hidden Empire: Inside the Private Worlds of Elite CEOs" by Adam Skylight

[@ZyuunTakeNotes]

Interesting... OXY management doesn’t seem to have passed these requirements. Very ironic indeed...

[@romulus7739]

Huh you still think so?

[@ronniedelahoussayechauvin6717]

Crimes

[@Mollymonroe272]

I didn’t watch .. I listened .. one of the speaker’s voices has a caddy resemblance to that of John Goodman character in the big lewbowski… ahhh to be technologically manipulative… I’m listening to educated folks who are to paid to think with legit jobs .. people who pay taxes

[@5starCA]

Wokeness is a cancer on today’s boards.

[@yadabk8378]

Bawse