VersaillesinNY

Thanks for sharing! Regarding corporate governance I recently came across a great book on the subject: Great companies, Great nations written by Richard F. Chandler. The New Zealand Chandler brothers are famous for having turned $ 10 million into a powerful $ 5 billion fund over 20 years. Institutional Investor 2006: Secrets of Sovereign http://www.chandlergroup.com/publications/S_Sov.pdf Chandler's book on corporate governance is available for free download @: http://www.chandlergroup.com/publications/Great%20Companies%20Great%20Nations_24b04.pdf ------------------ “If you lose money for the company, I’ll be understanding. If you lose a shred of the company’s reputation, I’ll be ruthless.” Warren Buffett

A WSJ article on Alfred Feld published 10 years ago: http://online.wsj.com/article/0,,SB105830595590859200,00.html

Q2: " We established a few new positions in our Funds during the quarter including Banco Santander Brasil and National Oilwell Varco" ---------------------------------------- "Were you to visit our offices, you would be reminded more of the reading room in a college library than some frenetic trading room at a major brokerage firm." Christopher H. Browne FundCommentaryQ22013.pdf

Reorg => One Microsoft: Company realigns to enable innovation at greater speed, efficiency Steve Ballmer's letter to employees: http://www.microsoft.com/en-us/news/Press/2013/Jul13/07-11OneMicrosoft.aspx

http://www.nytimes.com/2013/06/16/business/paul-soros-shipping-innovator-dies-at-87.html http://archive.poly.edu/alumni/_docs/Giants-soros.pdf http://www.nytimes.com/1998/06/17/nyregion/public-lives-an-overshadowed-altruist-sees-the-light.html ------------------------------------------- ''What is the biggest difference between these two brothers?'' she said, repeating a question. ''Not much.'' Then she amended: ''The biggest difference is that George's wife is 30 years younger than I am.''

JME is frustrated with the current price of gold: http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2013/5/4_Jean-Marie_Eveillard_files/Jean%20Marie%20Eveillard%205%3A4%3A2013.mp3 ---------------------------------------------- "A child of Zeus, neither moth or rust devoureth it, but the mind of man is devoured by this supreme possession" Pindar

At the BRK annual meeting, WEB recommended Bernanke's 2012 lectures at GWU: Part 1: Part 2: http://www.youtube.com/watch?v=U5q8bsncOgY Part 3: Part 4: