Friday, October 13, 2006

The Warren Buffett CEO 20: Stan Lipsey


“Sometimes the smartest decision you can make is to do nothing. I don’t like being pioneer, and I won’t be one unless I see an opportunity where the first guy is going to benefit, and I watch that very closely.”


“Trust your managers and give them autonomy. My managers run their departments so effectively that we don’t have to set budgets.”

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