--- title: "Meaning & Key Takeaway of: We like our current shareholders and…" description: "\"We like our current shareholders and don't want to entice anyone to become one. It would help current shareholders to hear our CEOs [of the Berkshireop..." image: "https://sms4smile.com/quotes/i/8a2/charlie-munger-458_activity_we-like-our-current-shareholders-and-don_1762758.jpg" --- # We like our current shareholders and don't want to entice… ![“We like our current shareholders and don't want to entice anyone to become one. It would help current shareholders to hear our CEOs [of the Berkshireoperating subsidiaries], but we promised them they could spend 100% of their time on their business. We place no impediments on them running their…” quote by Charlie Munger](https://sms4smile.com/quotes/i/8a2/charlie-munger-458_activity_we-like-our-current-shareholders-and-don_1762758.jpg) [Download](https://sms4smile.com/quotes/i/8a2/charlie-munger-458_activity_we-like-our-current-shareholders-and-don_1762758.jpg) [Open image](https://sms4smile.com/quotes/i/8a2/charlie-munger-458_activity_we-like-our-current-shareholders-and-don_1762758.jpg) > “We like our current shareholders and don't want to entice anyone to become one. It would help current shareholders to hear our CEOs \[of the Berkshireoperating subsidiaries\], but we promised them they could spend 100% of their time on their business. We place no impediments on them running their businesses. Many have expressed to me how happy they are that they don't have to spend 25% of time on activities they didn't like.” [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Munger emphasizes allowing CEOs full autonomy, avoiding micromanagement, and respecting their time to focus on core business. **In simple terms:** CEOs should run their businesses without unnecessary interference. Key Takeaway Give leaders freedom to focus on what they do best. Themes leadership autonomy efficiency trust management Mood pragmatic analytical business Type strategic inspirational When to use this quote - CEO performance reviews - strategic planning sessions - time‑allocation policies - employee empowerment programs Key Concepts agency theory principal‑agent problem organizational design Questions to Reflect On - Are there safeguards to balance autonomy and accountability? - How do you measure effective use of CEO time? A Different Perspective Too much freedom can lead to lack of oversight and strategic drift. ★ ★ ★ ★ ★ No ratings yet [Ceo](https://sms4smile.com/quotes/about/ceo/) [Customer](https://sms4smile.com/quotes/about/customer/) [Impediments](https://sms4smile.com/quotes/about/impediments/) [Running](https://sms4smile.com/quotes/about/running/) [Shareholders](https://sms4smile.com/quotes/about/shareholders/) [Time](https://sms4smile.com/quotes/about/time/) ## Related quotes > [I'd be resentful if shareholders who don't know the business tried to tell me what to do.](https://sms4smile.com/quotes/s-truett-cathy/i-d-be-resentful-if-shareholders-who-don-t-know-the-business-tried-to/) [S. Truett Cathy](https://sms4smile.com/quotes/author/s-truett-cathy/) > [I don't think the fossil fuel industry will listen, not until we build up a lot of pressure. I do think we can persuade…](https://sms4smile.com/quotes/bill-mckibben/i-don-t-think-the-fossil-fuel-industry-will-listen-not-until-we-build/) [Bill McKibben](https://sms4smile.com/quotes/author/bill-mckibben/) > [Berkshire has the lowest turnover of any major company in the U.S.The Walton family owns more of Wal-Mart than Buffett owns of Berkshire, so…](https://sms4smile.com/quotes/charlie-munger/berkshire-has-the-lowest-turnover-of-any-major-company-in-the-u-s-the/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [ For many of our shareholders, our stock is all they own, and we're acutely aware of that. Our culture \[of conservatism\] runs pretty deep. ](https://sms4smile.com/quotes/charlie-munger/for-many-of-our-shareholders-our-stock-is-all-they-own-and-we-re/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [Our approach has worked for us. Look at the fun we, our managers, and our shareholders are having. More people should copy us. It's…](https://sms4smile.com/quotes/charlie-munger/our-approach-has-worked-for-us-look-at-the-fun-we-our-managers-and/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [The total amount paid out in dividends is roughly equal to the amount lost in trading and investment advice, so net dividends to shareholders…](https://sms4smile.com/quotes/charlie-munger/the-total-amount-paid-out-in-dividends-is-roughly-equal-to-the-amount/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [This is an amazingly sound place. We are more disaster-resistant than most other places. We haven't pushed it as hard as other people would…](https://sms4smile.com/quotes/charlie-munger/this-is-an-amazingly-sound-place-we-are-more-disaster-resistant-than/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [I agree with Peter Drucker that the culture and legal systems of the United Statesare especially favorable to shareholder interests, compared to other interests…](https://sms4smile.com/quotes/charlie-munger/i-agree-with-peter-drucker-that-the-culture-and-legal-systems-of-the/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [PRIVATE, n. A military gentleman with a field-marshal's baton in his knapsack and an impediment in his hope.](https://sms4smile.com/quotes/ambrose-bierce/private-n-a-military-gentleman-with-a-field-marshal-s-baton-in-his/) [Ambrose Bierce](https://sms4smile.com/quotes/author/ambrose-bierce/) > [a white person who claims to have no impediment of vision in this country is not, I think, telling the whole truth. 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Our judges aren't paid so much a case. We keep them pretty well…](https://sms4smile.com/quotes/charlie-munger/if-you-want-good-behavior-don-t-pay-on-a-commission-basis-our-judges/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [Acquire worldly wisdom and adjust your behavior accordingly. 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It's a great activity, it's a great sport.](https://sms4smile.com/quotes/matt-mitrione/fighting-s-fun-man-it-s-a-great-activity-it-s-a-great-sport/) [Matt Mitrione](https://sms4smile.com/quotes/author/matt-mitrione/) > [There were books everywhere in my house. Books were very present. I just loved books. I never understood reading as anything but a pleasurable…](https://sms4smile.com/quotes/lisa-lucas/there-were-books-everywhere-in-my-house-books-were-very-present-i/) [Lisa Lucas](https://sms4smile.com/quotes/author/lisa-lucas/) > [For war to man, like childbirth to women, is simplifying in its emotions and activities. All the real problems of life can be put…](https://sms4smile.com/quotes/pearl-s-buck/for-war-to-man-like-childbirth-to-women-is-simplifying-in-its/) [Pearl S. 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