Subscribe to our FREE email newsletter and download free character development worksheets! Guest Column January 1, All writers dream of knocking out thousands of words a day, publishing multiple books a year and seeing them all skyrocket to the top of the bestseller lists across the country. But of the people who do, they generally have instituted these 10 habits into their writing life to make sure that they are giving themselves the best chance to write something great. Here are the good habits you should develop and add in your writing life if you want to find success.
To the Shareholders of Berkshire Hathaway Inc.: Both the numerator and denominator are important in the per-share book value calculation: In past reports I have noted that book value at most companies differs widely from intrinsic business value - the number that really counts for owners.
In our own case, however, book value has served for more than a decade as a reasonable if somewhat conservative proxy for business value. That is, our business value has moderately exceeded our book value, with the ratio between the two remaining fairly steady.
The good news is that in our percentage gain in business value probably exceeded the book value gain. I say "probably" because business value is a soft number: A large measure of our improvement in business value relative to book value reflects the outstanding performance of key managers at our major operating businesses.
These managers - the Blumkins, Mike Goldberg, the Heldmans, Chuck Huggins, Stan Lipsey, and Ralph Schey - have over the years improved the earnings of their businesses dramatically while, except in the case of insurance, utilizing little additional capital.
This accomplishment builds economic value, or "Goodwill," that does not show up in the net worth figure on our balance sheet, nor in our per-share book value. In this unrecorded gain was substantial.
So much for the good news. The bad news is that my performance did not match that of our managers. While they were doing a superb job in running our businesses, I was unable to skillfully deploy much of the capital they generated. Charlie Munger, our Vice Chairman, and I really have only two jobs.
One is to attract and keep outstanding managers to run our various operations.
Usually the managers came with the companies we bought, having demonstrated their talents throughout careers that spanned a wide variety of business circumstances. They were managerial stars long before they knew us, and our main contribution has been to not get in their way.
This approach seems elementary: Some of our key managers are independently wealthy we hope they all become sobut that poses no threat to their continued interest: They unfailingly think like owners the highest compliment we can pay a manager and find all aspects of their business absorbing.
Our prototype for occupational fervor is the Catholic tailor who used his small savings of many years to finance a pilgrimage to the Vatican. When he returned, his parish held a special meeting to get his first-hand account of the Pope. But, if each of us hires people who are bigger than we are, we shall become a company of giants.
When you have able managers of high character running businesses about which they are passionate, you can have a dozen or more reporting to you and still have time for an afternoon nap. Conversely, if you have even one person reporting to you who is deceitful, inept or uninterested, you will find yourself with more than you can handle.
Charlie and I could work with double the number of managers we now have, so long as they had the rare qualities of the present ones. We intend to continue our practice of working only with people whom we like and admire. This policy not only maximizes our chances for good results, it also ensures us an extraordinarily good time.The business thank you letter is more than saying thank you - It s a follow up with a potential customer.
3 Free eBooks filled with templates and examples. For my day job, I'm the co-founder and CEO of Stack Overflow, the largest online community for programmers to learn, share their knowledge, and level ashio-midori.com month, more than 40 million professional and aspiring programmers visit Stack Overflow to ask and answer questions and find better jobs.
GUIDELINES. Write down that it is an authorization letter for someone to act in behalf of you. Include in the letter any additional information or arrangements which are important. How to Write an Email to Customer Service. In this Article: Sample Email Reviewing the Website Writing the Email Staying Polite Community Q&A When it comes to sending an email to customer service, some people may feel stuck.
How do you craft these . Aug 18, · The easiest way write a complaint letter to a company, is to quickly get to your problem.
Include your desired resolution in the body of the letter, and state a time limit for the solution%(20).
A compliment letter is a tangible proof of the praise. So if you sincerely appreciate a product or a service, don’t hesitate to express your satisfaction in words. Note that the tone of a compliment letter should be personal and sincere.