唐.葛拉汉
《华盛顿邮报》
要点：巴菲特在1973年首次收购《华盛顿邮报》公司的股票，并且在1974年秋天成为该公司董事。伯克希尔目前拥有约10%的《华盛顿邮报》股权，巴菲特也一直是华盛顿邮报执行长葛拉汉最倚重的顾问。伯克希尔在1973年用1060万美元（每股6.14美元）的价格，收购《华盛顿邮报》的股票。这些股票在2001年的市值超过10亿美元，每年股利约有900万美元。
葛拉汉的经营原则：
一、看紧成本
在必要的时候要肯投注资金提升产品质量，至于有些额外支出是对公司营收没有帮助的，这些支出就要能免则免。
二、放手让经理人做事
除非有必要，不要干涉经理人的经营方式。让经理人依自己的想法经营，作出最适切的判断。幸运的话，你可能还会很惊喜地发现，这些精明的经理人竟然能有如此优异的表现。
三、培养员工的技能
让员工跟公司一起成长。真心拔擢员工，扮演新进员工的导师，让员工能够想象自己未来在公司的发展。这样，公司就会源源不断地冒出新的人才。
四、选聘员工要力求多元
如果能够雇用并且拔擢女性员工与少数族群员工，职场环境就会更平衡。此外，这么做也能够对所在小区的生活质量有所贡献，最后其他企业也会注意到你的作为并且起而效尤。
“我们不太在意公司短期的表现，也不会把经营重点摆在每一季的绩效上，但是这并不表示我们不用心经营、不在乎公司的获利与成就。在我们董事会里，可是有多位要求严格的董事在盯着我们。我们长期的营运重心，是要建立企业的价值，而企业的价值只能用净利来评量。”
------唐.葛拉汉
Don Graham
The Washington Post
Main Idea: warren buffett began buying stock in The Washington Post Company in 1973, and became a member of the company's board of directors in the fall of 1974. Berkshire now owns around 10 percent of the company, and Warren Buffett continues to serve asa close adviser to Don Graham, CEO of The Washingto Post Company. berkshire paid $10.6 million($6.14 a share) for its Washington Post stock in 1973.Those shares are today worth more than $ 1 billion and generate about $9 million per year in annual dividends.
Don Graham's key business principles:
***Monitor your costs
Be willing to pay for quality when the situation demands it, but spend as little as possible on te extra expenses that do not contribute to revenues.
***Let your managers do their jobs
Don't interfere with what they want to do unless it is absolutely necessary. Let the managers act on their own initiative and best judgement. With any luck, you may be surprised by how well a smart manager will do.
***Develop the skills of your employees
Let people grow with the company. Promote from within religiously. Act as a mentor to new employees, allowing them to develop a long-term view of their future with the company. That way, there will be a steady stream of new talent coming through.
***Strive for diversity in your hiring choices
If you hire and then promote women and minorities, you'll have a much more balanced workplace. In addition, you'll also be doing something that contributes to the general quality of your local community. Other businesses will ultimately notice and follow your lead as you do this.
" We really do not think much about the short-term. We do not focus on quarterly results. That is not to say we are not focused on running the business profitably and successfully. We have notably tough graders on our board. What we're focused on in the long term in building the value of our business. And that can only be measured by net income."
---Don Graham
订阅到
鲜果
抓虾
谷歌
