“Mr Murdoch has shown both a restless hunger for the next deal and the patience to invest for the long term—a rare combination. A study of annual returns to investors in blue-chip stocks between 1977 and 2001 put News Corporation third (30.7%) after Berkshire Hathaway (30.8%) and Walmart (38.8%) and comfortably above Exxon (18.3%), McDonald’s (15.6%) and IBM (12.1%”
The Economist, Schumpeter: Great bad men as bosses

Notes

  1. jamescallmebrent posted this