Focused Compounding Nominates Jacob McDonough (The Guy Who LITERALLY Wrote the Book on Capital Allocation) For Parks! America’s June 6th Annual Meeting
DALLAS, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Focused Compounding is pleased to announce the nomination of Jacob McDonough to their board slate for Parks! America’s June 6th annual meeting. Mr. McDonough earned a Bachelor of Arts in Finance from Michigan State University and is the Founder and Portfolio Manager of McDonough Investments, a capital management firm that manages capital for clients as a registered investment adviser. He is the author of “Capital Allocation: The Financials of a New England Textile Mill (1955-1985),” a book that covers Warren Buffett’s capital reallocation from a failing textile mill to other profitable companies during the early days of his control over Berkshire Hathaway. We believe that Mr. McDonough’s experience in capital management and capital reallocation will allow him to maximize shareholder value as a director.
- We believe that Mr. McDonough’s experience in capital management and capital reallocation will allow him to maximize shareholder value as a director.
- America’s situation today is a lot like the one Buffett faced when he first assumed capital allocation duties at Berkshire.
- This extreme underestimate of the Missouri park’s true cost does not include interest on borrowed money or reflect opportunity costs.
- Jacob McDonough: After Warren Buffett took over Berkshire Hathaway in 1965, the company was able to substantially reduce overhead costs.