“For example: (1) As if governed by Newton's First Law of Motion, an institution will resist any change in its current direction; (2) Just as work expands to fill available time, corporate projects or acquisitions will materialize to soak up available funds; (3) Any business craving of the leader, however foolish, will be quickly supported by detailed rate-of-return and strategic studies prepared by his troops; and (4) The behavior of peer companies, whether they are expanding, acquiring, setting executive compensation or whatever, will be mindlessly imitated.” IfsFirstsLawCompanyLeaderStudyExampleReturnBehaviorProjectsInstitutionsPreparedRateCurrentsAvailableFoolishSettingSettingsCorporateFundExecutivesTroopsPeersExpandingCravingCompensationStrategicNewtonAcquisitionLaws Of MotionExecutive Compensation Book:Warren Buffett on Business: Principles from the Sage of Omaha Source: Warren Buffett on Business: Principles from the Sage of Omaha
“In going directly to Investment Heaven, you build your portfolio as you would build a wonderful company through a merger and acquisition program. You specify the way you want your portfolio to look, and then you assemble the profile piece by piece by bringing together companies that make their own individual contributions to the desired character.” WayWantLooksCharacterTogetherIndividualHeavenCompanyPiecesWonderfulProgramInvestmentContributionAcquisitionProfilePortfoliosMergersMergers And Acquisitions Author:Robert Haugen
“As I have seen with a lot of companies I have covered, acquisition interest can be a heady experience, and not always in a good way.” WayInterestCompanyCoveredAcquisitionGood Way Author:Kara Swisher
“M&A negotiations feel really fun. This is one of the biggest killers of companies, is they entertain acquisition conversations.” FeelsFunCompanyConversationKillersNegotiationAcquisition Author:Sam Altman