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Management Matters

  • Edward Chancellor

Abstract

Like many other investors, Marathon never tires of quoting Warren Buffett. One particular comment of the Sage of Omaha has become something of a mantra at the firm: namely, Buffett’s observation that “after ten years on the job, a CEO whose company retains earnings equal to 10 per cent of the net worth will have been responsible for the deployment of more than 60 per cent of all capital at work in the business.” What this means is that investors should pay particular attention to the capital allocation skills of management.

Keywords

Stock Market Corporate Governance Share Price Brand Equity Corporate Culture 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Marathan Asset Management LLP 2016

Authors and Affiliations

  • Edward Chancellor

There are no affiliations available

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