Owner operator mindset. Mark Leonard at Constellation in '11:
"Most of us have the bulk of our net worth tied up in the company and believe that the stock won’t appreciate at a rate any faster than the return on equity. We’re keen on having 20+ returns on incremental capital."
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Some famous words of Buffett. I hope it's useful to you. : )
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whqqq : "It’s hard to get there unless you use lots of leverage or are very astute buyers. And we don’t see ourselves stretching towards those big deals."I like this