Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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maka wrote:maka wrote:ArrestedDev wrote:enyands wrote:maka wrote:enyands wrote:obiero wrote:enyands wrote:obiero wrote:enyands wrote:obiero wrote:obiero wrote:Gatheuzi wrote:I don't know how Naikuni is doing with his cows but during the 2016 Annual meeting we this insight from Warren and Charlie about ranches:
One of the audience questions from the Berkshire meeting was from a young man whose family owns a cattle ranch. Below is the dialogue of the Q&A:
Rancher: My family runs some cattle ranches down in Flagstaff, Arizona. And that’s kind of what my question pertains to. I am curious on your thoughts as it relates to the expanding global population and investing in cattle and if you think it is wise. Thank you.
Charlie Munger: I think it is one of the worst business I can imagine for somebody like us.
Warren Buffett: There is nothing personal about it.
Charlie Munger: Not only is it a bad business, but we have no aptitude for it.
Warren Buffett: Some people have done well in it.
Charlie Munger: They have one good year every twenty years or something.
Warren Buffett: I know a few people who have done reasonably well in cattle, but they usually own banks on the side or something.
Charlie Munger: Somebody has to occupy the tough niches in the economy. We need you.
All the best to Naikuni. The board and c suite at KQ is obliterated. Chair Evanson Mwaniki, Board member Nduva Muli, COO Yves Guibert, HR Alban Mwendar, Flight Ops Captain Mwangi, Fleet Rick Sine all resigned, suspended or fired. Only the mercurial Mbuvi Ngunze remains upright, standing.. Kenyans should know when to stop hounding people out of office. Institutional memory should be treasured @enyands some offices have rotten leaders but able workers.. I know the gentleman personally and for certain, this is a witch hunt. However for the sake of sanity to the share, he should take a bow Hello hello is this obiero ? You finally want him to resign ??? Vvs has his answer then ,the reason why you too much into kq is because you know nguze guy personally .all in all thank you for admitting that he has to go.case closed the guy has weaknesses, in particular his handling of the media is wanting. his lack of acceptance to join social media is a good terrible goof since CEO peers are online Trump is a poor politician but you are right ,what keeps trump going is he knows how to make media dance to his tune. Safety director Alex Avedi also out today evening.. They should hire someone who has managed a company outside kenya .the opus kind of person .but should they promote someone from kq ,he will be another nguze.if you don't accept change then the change will change you The COO job might go to some Dutch guy who was around last week...Van something.... ev  A dutch guy??? Will he not dance to KLM tune? I hope this Ngunze will be removed like yesterday. Jan de Vegt...mmmmh http://www.cobaltgs.com/...il.php?management_id=11
Amepata... I am not impressed at all. He will take care of KLM interests. KQ to remain a feeder airline for KLM yet the aviation landscape in Africa has since changed. ET is getting the strategy right while KQ is influenced by KLM. Look at the outgoing COO who was independent, Yves Guibert, within a few months of being in that position, he identified that network growth is what KQ requires and Capetown was immediately mooted. I am also very certain that he was instrumental in the resumption of Bangui flights in November 2015 since he took over as COO in Aug. 2015. KLM opposes network growth for KQ and supports disastrous decisions for KQ. They approved the sale of the slot in LHR yet they identify loss of slots across Europe as one of the risks in their own operation. Ngunze is clueless and he should leave. @obiero, I am just looking at all angles here and not trying to pass negative info to influence the share price.
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