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Warren Buffett’s Letter – 1985

It has been a while since my last update as I had been busy with the Singapore elections. Don’t get me wrong; I was neither involved as a candidate nor a member of any political party. :) Rather, I was...

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Berkshire Letter by Warren Buffett – 1994 (Part 4)

Compensation For Managers Today’s post is about Warren Buffett’s views on how managers should be compensated. First of all, their compensation should be tied only to the results of the operation they...

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Stock Options as Compensation

Berkshire Annual Letter 1998 (Part 3) Many companies ignore the cost of stock options when earnings are calculated, even though such employee’s compensation should be an expense. Imagine that GEICO...

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