CEOs who cried “uncertainty” when faced with capitalallocation decisions

from Warren Buffett – Letter To Shareholders 2012 on Rap Genius

Meaning

CEOs who don’t know how to put a lot of their capital to work have been blaming “uncertainty” in market conditions as the reason. While this may be part of the reason, usually it is an excuse to cover up they don’t have any good ideas for projects that could provide a good return on investment.

To help improve the quality of the text, visit “Letter To Shareholders 2012” by Warren Buffett and leave a suggestion at the bottom of the page