July 20, 2015

Claudio Rojas , Hurt Capital Inc.

Managing Director

Berkshire Hathaway, 50th Anniversary

"Celebrating 50 Years of a Profitable Partnership" – displayed prominently on shareholder credentials for the annual shareholder meeting held on May 2, 2015 – reflects the unique philosophy and ethical framework on shareholder relations held by Berkshire Hathaway.

/posts/berkshire-hathaway-50th-anniversary-orgTvGLL/attachment/berkshire-hathaway-jpg-764089

More from Claudio Rojas

Claudio Rojas, Hurt Capital Inc.

Corporate Governance in Founder-Run Companies: Interview in New York City

In 2008, the largest companies in the world largely fell within what's known as "the separation between ownership and control" – essentially employee-managed companies. In contrast, founder centric companies are run by founders – and leaders with a ...

Jun 20, 2018

Claudio Rojas, Hurt Capital Inc.

Founder Centrism: The Future of The Global Economy

Founder centrism is the next big wave in the global economy. Founder centric companies as a whole have outperformed the S&P 500 by a tremendous amount. It is not an accident that many of the largest companies in the world are founder centric – ...

Jul 25, 2017

Claudio Rojas, Hurt Capital Inc.

Business Law at Oxford University

Thank you to the University of Oxford for inviting me to contribute research on founder centrism. 'Eclipse of the Public Corporation Revisited: Concentrated Equity Ownership Theory' is the culmination of 10 years of intensive scholarly inquiry at the ...

Jul 10, 2017

Claudio Rojas, Hurt Capital Inc.

Founder Run Companies Outperform

Our hypothesis nine years ago was that the world was moving towards more founder centrism™ – founder run companies – and that these companies would perform exceptionally well over time, particularly in environments that are highly volatile and ...

May 31, 2017

Claudio Rojas, Hurt Capital Inc.

A Novel Perspective on Shareholder Activism

[Excerpt from Business Law Advisory Council Report] Over the next decade, a common misconception will fade – that all shareholder activism is short-term oriented. This anachronistic view is rooted in an antiquated phase in capital markets history – ...

Dec 14, 2016

Claudio Rojas, Hurt Capital Inc.

Dream. People. Culture. – Value Creation Platform

Dream-people-culture is the self-professed long-term value creation platform of 3G Capital – the Brazilian multibillion-dollar global investment firm. The company and its founder Jorge Paulo are well-known for partnering with Berkshire Hathaway on ...

Jun 07, 2016

Claudio Rojas, Hurt Capital Inc.

170,000 people are about to take Wall Street's toughest test

"On the first Saturday in June, more than 170,000 investment management professionals in 91 countries will attempt to climb what has been called the “Mount Everest of Finance” by taking a Chartered Financial Analyst (CFA) exam—a six-hour battery of ...

May 31, 2016

Claudio Rojas, Hurt Capital Inc.

Facebook is Preserving Founder Control Structure to Focus on the Long Term

Facebook has announced a capital stock plan to maintain voting control in the hands of a single individual – its founder, Mark Zuckerberg. Facebook with its U.S. $325 billion market capitalization is following in the footsteps of Google's U.S. $480 ...

Apr 28, 2016

Claudio Rojas, Hurt Capital Inc.

Netflix: Rocket Returns in Record Time

Netflix is our fastest rising investment in recent history, crossing the 100% return mark in record time. In November 2015, we significantly reduced our position due to valuation concerns given medium-term risks and uncertainties. This was a tough ...

Nov 03, 2015

Claudio Rojas, Hurt Capital Inc.

Reflections on Value Investing… in Technology

“For seven years, we have outperformed many of the world’s greatest capital allocators... This defies the law of gravity in the capital markets.” Hurt Capital Inc. is a research-driven investment and venture advisory firm. Since 2008, our ...

Jul 22, 2015

Claudio Rojas, Hurt Capital Inc.

Berkshire Hathaway, 2014 Shareholder Letter

“Fifty years ago, today’s management took charge at Berkshire. For this Golden Anniversary, Warren Buffett and Charlie Munger each wrote his views of what has happened at Berkshire during the past 50 years and what each expects during the next ...

Mar 03, 2015

Claudio Rojas, Hurt Capital Inc.

The Road Ahead for the Financial Sector?

Informational asymmetries, misaligned incentives, and artificially elongated chains of intermediation have created a disconnect between the financial sector and the “real economy”. Courts and regulators are increasingly intervening to break the ...

Feb 05, 2015

Claudio Rojas, Hurt Capital Inc.

KING: Rising Fortunes?

When market pessimism reached irrational levels on King Digital Entertainment , a unique opportunity emerged for value investors. With a mid-range single digit P/E, enterprise value at less than $3 billion, $2 billion in revenue, 40%+ EBITDA margin, ...

Dec 12, 2014

Claudio Rojas, Hurt Capital Inc.

Lessons from the Oracle: Warren Buffett

In 2008, I sat down for lunch with Warren Buffett. Meeting the world’s richest person was different than anticipated. Warren has earned, with good reason, a reputation for wisdom that is both elusive and resonating. Three lessons from Warren Buffett ...

Oct 28, 2014

Claudio Rojas, Hurt Capital Inc.

Icahn buy Apple Shares at Half Price?

In 2008, at about $14.28/share (split adjusted), I initiated my long position in Apple and continue to believe that it is an extraordinary "hold forever" investment – now reasonably valued at approx. $100/share, on a risk-adjusted basis. Will I hold ...

Oct 10, 2014

Claudio Rojas, Hurt Capital Inc.

LULU is vulnerable to Under Armour

Although the full impact from a major competitive threat often takes time to manifest - for example, it took about 4 years for Blackberry #BBRY to feel the full impact of Apple #AAPL as a competitive threat - my research indicates that LULU is ...

Aug 26, 2014

Claudio Rojas, Hurt Capital Inc.

http://hvst.co/SiBmeg

May 30, 2014

Claudio Rojas, Hurt Capital Inc.

Any thoughts on Apple growth prospects? I'm looking forward to strong earnings and new products over the remainder of the year to support the rising P/E ratio, now at about 15.

May 29, 2014

Claudio Rojas, Hurt Capital Inc.

http://hvst.co/1roO6MU

Apr 24, 2014

Claudio Rojas, Hurt Capital Inc.

http://hvst.co/1k94FJM

Apr 24, 2014

Claudio Rojas, Hurt Capital Inc.

Could someone please explain why, in finance terms, the share price of $BBRY increased since its reported net loss of $4.4 billion?

Feb 14, 2014

Claudio Rojas, Hurt Capital Inc.

http://hvst.co/NFRoNA

Feb 13, 2014

Claudio Rojas, Hurt Capital Inc.

http://hvst.co/1enoA18

Feb 12, 2014

Claudio Rojas, Hurt Capital Inc.

$AAPL appears to have risen this past week on "opportunistic" share buy back news, Carl Icahn backing off and broader market activity: http://hvst.co/LS5kCb

Feb 11, 2014

Global Climate Investing Survey 2025

Sponsored by Robeco

Our fifth annual survey shows that enthusiasm for climate investment continues to vary by region. Europe has reclaimed its leadership from Asia-Pacific, which topped last year’s survey, while interest in the US has dropped to new lows.

The most important insight of the day

Get the Harvest Daily Digest newsletter.

Support
Privacy Policy
GDPR
CCPA
Terms
Copyright

© 2025 Harvest Exchange Corp

What is Harvest?

Harvest is a digital marketing platform that connects investors with financial firms, products and services through behavioral data.

Become a publisher

Distribute your firm's investment insights on the world's largest investor community. Learn more