3 ms·
Shareholder value over what time horizon? Not such an obvious objective function.
by rpenm 12y ago
Shareholder value over what time horizon? Not such an obvious objective function.
- Animats 12y agoThe time horizon is something to be stated in the prospectus. The usual horizon for VC funds is 10 years. The horizon for Berkshire Hathaway is much longer; Munger says their preferred holding period is "forever".