You Had One Job…

Mauboussin had a nice piece a few months ago on capital allocation in the United States.  Below is a version applied to the international markets.

What an intro to the paper in the below quote!

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“Capital allocation is a senior management team’s most fundamental responsibility. The problem is that many CEOs don’t know how to allocate capital effectively.”

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Capital Allocation Outside the U.S.

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http://www.credit-suisse.com via ValueWalk