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The turnaround of the Buffalo Evening News meant that Buffett and Munger no longer had to debate whether Blue Chip’s largest asset was worth more dead than alive. The News would live; it now threw off a steady stream of profits. In 1983, they finally agreed on a value for Blue Chip, and Berkshire swallowed it whole—the last step of the great untangling.6 Buffett and Munger were now full partners for the first time—although Munger was the junior partner by miles.
The Snowball
Alice Schroeder
Carrie Drinkwater, chief investment officer at ad-buying firm MediaHub, said some TV ad dollars also are likely to be shifted to social platforms such as TikTok, Snap and Instagram. That would give marketers the “opportunity to really understand if social-media ads can work the same and as hard as linear TV,” she said.
The TV Ad Market Was Already Looking Bleak. Then the Writers’ Strike Happened.
wsj.com
As you evaluate your own culture, ask yourself a few key questions. When you talk to frontline employees, do they seem energized, or does it feel like everyone is swimming in glue? Do people have clarity of purpose and a sense of mission and ownership? Do they share the same big dreams of where the organization might be in a few years? Do most people execute with urgency and pep in their step? Do they consistently pursue high standards in projects, products, talent, everything?
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