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| * '''Warren Buffett writes:''' “I’ve observed that many acquisition-hungry managers were apparently mesmerised by their childhood reading of the story about the frog-kissing princess. Remembering her success, they pay dearly for the right to kiss corporate toads, expecting wondrous transfigurations.” '''Buffett continues:''' “Initially, disappointing results only deepen their desire to round up new toads. Ultimately, even the most optimistic manager must face reality. Standing knee-deep in unresponsive toads, he then announces an enormous “restructuring” charge. The CEO receives the education, but the stockholders pay the tuition.” I’ll try to remember this story next time a takeover-hungry CEO crosses my path. |
Quotes
- its only when you see a mosquito landing on your testicles that you're reallies that there is always a way to solve problems without using violence
- If you have no dreams and determination to make them work, someone will employ you to make theirs come true...
Warren Buffett writes: “I’ve observed that many acquisition-hungry managers were apparently mesmerised by their childhood reading of the story about the frog-kissing princess. Remembering her success, they pay dearly for the right to kiss corporate toads, expecting wondrous transfigurations.”
Buffett continues: “Initially, disappointing results only deepen their desire to round up new toads. Ultimately, even the most optimistic manager must face reality. Standing knee-deep in unresponsive toads, he then announces an enormous “restructuring” charge. The CEO receives the education, but the stockholders pay the tuition.” I’ll try to remember this story next time a takeover-hungry CEO crosses my path.
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