1. A Short Discussion on Executive Compensation

    A Short Discussion on Executive Compensation

    “I think I’ve been in the top 5 percent of my age cohort almost all my adult life in understanding the power of incentives, and all my life I have always underestimated that power.” -Charlie Munger (Trades, Portfolio) “Knowing is not enough; we must apply. Being willing is not enough; we must do.” - Leonardo Da Vinci In his talk at Harvard about human misjudgment, Charlie Munger (Trades, Portfolio) has admitted that all his life he has under-estimated the power of incentives...

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