if the entire company were acquired by a knowledgeable buyer, or if the assets were liquidated, the liabilities paid off, and the proceeds paid to stockholders . He called that the intrinsic value, and argued that the time to buy was when there was a large spread between the current price and that value, and the time to sell was when the spread was narrow." "Over time we've developed different ways of applying that, by valuing income streams rather than just
So, uh, I like your courage and, umm, I like this set. As a Google stockholder I see that you went to no expense. Jimmy: I like keeping that kind of cost down, you know?
But also they want to make a return. Because your stockholders want to make a return. So they're going to have a line in there for the financing that they're providing to this entity.
And The Wall Street Journal might look at the same day and say, profits rise as worker productivity soars. to their stockholders and themselves.
And The Wall Street Journal might look at the same day and say, profits rise as worker productivity soars. So the more stockholders a company has-- which is suitably defined, and I do so in the book-- the lower the tax rate that that company has.
And so to get that, but that's kind of swimming up against the stream because it's not really run like that. A lot of the money may go to stockholders and the higher ups. And what I'm talking about, there has to be fair exchange where the other stakeholders-- not only the stockholders and the owners and the people
It has become an instrument of national policy. As to credit in 1908, the stockholders of a bank were responsible for its solvency, which meant if an institution became impaired or insolvent, the stockholders got a capital call.
Which seemed to make sense. After all, you, the stockholder , got the dividends when things were going well. Why shouldn't you be responsible for the debts of the firm when things were not going well?
approach to capital allocation. And Coke at that time had a 10-year track record of creating some serious amounts of stockholder wealth. This EVA income statement is unique for its own two reasons.
The other income statement here that's noteworthy is the interest expense or cost of capital which is about $5.7 billion. In the EVA approach, not only is debt treated as an expense but so is stockholder 's equity, which you have a lot of. So in the EVA approach, if you buy Alphabet stock or you buy Coca-Cola stock-- Procter & Gamble stock,
As to credit in 1908, the stockholders of a bank were responsible for its solvency, which meant if an institution became impaired or insolvent, the stockholders got a capital call. That is, the courts ordered them to fork over the unpaid in portion of the par value pro rata.
that something was wrong with all these other companies? All these other companies here, they all ran into financial difficulty and cost stockholders lots of money. And so I wanted to be like a-- I wanted to see if there is something you could have known before the carnage.
Come on down, you know? And Warren came to the set because he wanted to make a little film with the "Entourage" guys for the Berkshire Hathaway stockholders meeting.
And The Wall Street Journal might look at the same day and say, profits rise as worker productivity soars. Microsoft, you might not know, has one of the most broadly distributed stockholder bases in the world.
well, they're running the world so we better get in touch here 'cause the world's gonna need a little more fun and entertainment the way it's going these days. So I, uh, I just am amazed because not only am I a stockholder but I'm a Google user. Because you kind of -- you do kind of provide something that was never there before that everybody in the world uses
A lot of the money may go to stockholders and the higher ups. And what I'm talking about, there has to be fair exchange where the other stakeholders-- not only the stockholders and the owners and the people that work at the company, but the community and the whole universe.
And one of her public-spirited, altruistic handmaidens made a deposit of the equivalent of $100 So it would be nice, to my mind, to go back to stockholders ' liability.
and she really believed she was right. So here's what she did. In May of 2009, she went out and bought one share of Marks and Spencer stock for roughly five dollars. And then she called the journalist that put the story in the London paper and told her that she and some of her busty friends will be attending the annual stockholders meeting of Marks and Spencer in July where they will personally confront in person the Chair of the company about their discriminatory pricing policies.