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      "text": "Capital allocation is the most fundamental responsibility of a senior management team of a public corporation. Successful capital allocation means converting inputs, including money, things, ideas and people, into something more valuable than they would be otherwise... A company that is allocating its resources wisely will ultimately prevail over a competitor that is allocating its resources foolishly. — Credit Suisse, October 19, 2016; The lack of skill that many CEOs have at capital allocation is no small matter: After ten years on the job, a CEO whose company annually retains earnings equal to 10% of net worth will have been responsible for the deployment of more than 60% of all the capital at work in the business. — Warren Buffett, 1987 Letter to Shareholders",
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