In Buffett’s 2002 shareholder letter, he put forward his views on the company governance. The following is a list of objects, elements, members, and components that must be included in corporate governance for a typical listed company.
Category: Governance
Will Sino-US confrontation, de-globalization, and de-dollarization affect the long-term investment value of US stocks?
Sino-US confrontation will not hurt U.S. stocks too much.
M&A options’ taxation, accounting items, and rights and obligations arrangements
In Buffett’s 1999 shareholder letter (the content in italics in this article), he spent a lot of space explaining to investors the taxation, accounting items, and rights and obligations of many corporate M&A options.
Unreasonable accounting practices in financial statements
In his 1998 shareholder letter, Buffett mentioned several common but unreasonable accounting practices used by listed companies in the U.S. in their financial statements.
The more shares CEO owns, the higher stock return
There is too much evidence that the more shares CEO owns, the higher the return on the stock of the company
Pros and cons of employee stock options as compensation
Employee stock options as compensation, which is beneficial to employees, but damages the rights and interests of investors.
Comac’s C919 officially flies commercially
The C919 large aircraft of Comac, which is completely independently developed by China, is the first commercial flight by China Eastern Airlines.
Chinese apps are taking over the world, accounting for 33% of global downloads
Chinese apps account for 33% of global downloads, and the performance of Chinese game programs is even more astonishing.
Should investors chase the ESG?
I personally advise investors, especially if you are a retail investor, not to follow the frenzy. Don’t chase the ESG trend, honestly invest in your ETF tracking the maket index, and active investors should study the fundamentals of your individual stocks. Don’t pay attention to hyping ESG-related ETFs or claiming that a certain stock is an ESG concept stock, these will not help you.
Why is Alibaba spin-off unanimously optimistic?
Alibaba’s current market value has been underestimated by the capital market for more than three years, and it is difficult to improve in the short term. A spin-off is the most effective way to increase Alibaba’s corporate value.