How to Think Like Benjamin Graham and Invest Like Warren Buffett

182 InManagersWeTrust companies to allocate the bad accounting news to affiliates, making the parent company’s books look much b ...

GoingGlobal 183 Kingdom’s prime minister, and Robert E. Rubin, then U.S. treasury secretary, intoned that developing and impleme ...

184 InManagersWeTrust to identify the “best practices” of global corporations. They tend to borrow on U.S. technical innovations ...

GoingGlobal 185 takeover battles. In France, Banque Nationale de Paris launched a $38 billion hostile bid to take over its two m ...

186 InManagersWeTrust There are few ways in which a corporate board can destroy share- holder value as dramatically as through m ...

GoingGlobal 187 the pace of which races on despite the presence of a dozen or more unintegrated exchanges on the continent. The ...

188 InManagersWeTrust The Last Frontier: Information A practical barrier to cross-border deals has been yielding. It con- cerns ...

GoingGlobal 189 For investors, U.S. corporations disclose far more than do those in Europe or Japan. U.S. federal and state law, ...

190 InManagersWeTrust ers throughout the latter half of the twentieth century. In the past, workers had no interest in a corpora ...

GoingGlobal 191 gence will dilute rather than enhance any managerial mandate to run U.S. corporations mainly for the benefit of ...

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193 C hapter 12 RULES AND TRUST A n investor is going to entrust her wealth to someone else. Shouldn’t the investor have a high ...

194 InManagersWeTrust Contracts also reduce the costs of doing business and investing by enabling people to trade off future ris ...

RulesandTrust 195 Managers raise funds for corporate enterprise from the investing public in the form of equity capital or stock ...

196 InManagersWeTrust Sources for determining that orientation abound, probably more so in the United States but increasingly th ...

RulesandTrust 197 orientation, however, its valuation should be discounted proportion- ally. Most corporate governance reforms f ...

198 InManagersWeTrust chairman. This manifested the same rationale of independence pre- scriptions, a need to chec kthe boardroo ...

RulesandTrust 199 outside the CEO’s presence, a practice Buffett in particular cham- pions. This is creditworthy not so much und ...

200 InManagersWeTrust either of them may not be good for Procter & Gamble or eBay, Wrig- ley, or Hershey. Each corporate sit ...

RulesandTrust 201 worthiness, not to mention access to the corridors of power, could remain valuable to a company that shares he ...