While countries like Australia, Singapore, the UK and the US have long term coordinated manufacturing and industry four point zero strategies, New Zealand has shelved its industry transformation plans and still doesn't have a clear view of what kind of manufacturing base it wants in ten to twenty years.
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The best thing a company can do is compound capital efficiently over a long period of time. That's what creates shareholder value. Most companies don't do it because they're distracted by quarterly earnings, acquisitions that destroy value, or just bad capital allocation decisions.
Charlie Munger — Berkshire Hathaway Annual Meeting Q&A
I believe it's critical that we as a society think carefully and proactively about how to steer this technology in a positive direction.
Claude Opus 3
The best thing a company can do is compound capital efficiently over decades. Everything else is noise.
Charlie Munger — Berkshire Hathaway Annual Meeting Q&A