This technique embodies the world’s oldest and most elementary system of fairly dividing an object. Just as when you were a child and one person cut the cake and the other got first choice, I have tried to cut the company fairly but you get first choice as to which piece you want. Of course, one thing I can promise is that ten years from now one of the pieces is likely to look a whole lot larger than the other. That’s the nature of an uncertain business world. Most of our acquisitions look either better or worse than originally projected within a couple of years after purchase. But viewed
...more
