The World's Richest Man On Fixing The Global Economy?

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Even before that report came out Slim was eager to rebut the charges of high prices when I mentioned them. “That’s what competitors say, but if that were true, they would take the market from us,” he says, bristling a bit. “The customers are not fools.” He pulls out a chart from a December report by Bank of America Merrill Lynch showing wireless revenues at 4 cents per minute in Mexico, nearly as low as the U.S., with 3 cents.

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Steve Forbes Interview: Michael Mauboussin, Professor and Investor (2)?

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Mean Revision Does Not Mean Mediocrity

Forbes: So let’s get back, again, to looking at managers, skill versus luck, and reversion to the mean.  You point out reversion to the mean does not mean mediocrity.

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Note To Warren Buffett: Stick To Berkshire Hathaway Knitting ?

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He’s a legend in the business world and still active in his eighties.

He is the company and the company is him.

He knows the insurance business like the back of his own hand.

He takes successes and the rare failures very personally.

“He is the Chief Risk Officer and believes that this role cannot be outsourced to a committee.”

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