OTCQX:MRVFF - Post by User
Comment by
JohnDDon Mar 26, 2014 11:07pm
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Post# 22373728
RE:A Watershed Moment for Stockholder Participation
RE:A Watershed Moment for Stockholder ParticipationHere is an interesting excerpt from Carl's letter...
"I have made a great deal of money by understanding some simple facts. Very often assets of significant value are mismanaged by highly-compensated, but less than highly-competent, managers and boards of directors, all whom are protected by highly-compensated lawyers and bankers – with stockholders not only paying the fees of these advisors but also losing out on the returns that they otherwise could be enjoying if they took on their proper role as business owners. In such situations, if investors can install good managers and elect directors that will hold those managers accountable, then the true value of those assets can be realized>"