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Kenya Re - 2018 and beyond
Spikes
#161 Posted : Monday, July 23, 2018 10:03:56 AM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
obiero wrote:
Pesa Nane wrote:
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/news/Court-reinstates-Kenya-Re-MD-Jadiah-Mwarania/539546-4672958-ldwl2y/index.html

The Employment and Labour Relations Court has ordered the reinstatement of sacked Kenya Re managing director Jadiah Mwarania.
Justice Byram Ongaya said he should also get full for payment for the period he was away and the board should not interfere or sabotage his job.
The court noted that Mr Mwarania's termination was unfair as he was not given opportunity to be heard, finding that the alleged loss of trust and confidence was unfounded.


Out of court negotiation failed.


This is getting ugly.There will be no harmony and cohesion between the board and the MD.Productivity of the company will be affected.
The board hardened its position when the court ordered for negotiation.They will now have several options:
1.Swallow their pride and accept Mwarania to serve his full contract which expires in 2021
2.Appeal the court decision.
3.The board members behind Mwarania sacking to resign


The obvious will happen.The chairman will be removed if he doesn't mend fences with Mwarania.

Mwarania may never see the inside of his former office but the judgement gives him an upper-hand to 'amicably" part ways with Ken-Re.
cc. ThatKQthief, ThatUchumiShopLifter, FormThari4D

This is obviously true and the only way forward

@ Obiero have you sworn by your appendix that it'll happen? And then we thank you later.Laughing out loudly Laughing out loudly Laughing out loudly
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
Superprime1
#162 Posted : Monday, July 23, 2018 10:52:42 AM
Rank: Member


Joined: 5/2/2018
Posts: 267
Spikes wrote:
obiero wrote:
Pesa Nane wrote:
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/news/Court-reinstates-Kenya-Re-MD-Jadiah-Mwarania/539546-4672958-ldwl2y/index.html

The Employment and Labour Relations Court has ordered the reinstatement of sacked Kenya Re managing director Jadiah Mwarania.
Justice Byram Ongaya said he should also get full for payment for the period he was away and the board should not interfere or sabotage his job.
The court noted that Mr Mwarania's termination was unfair as he was not given opportunity to be heard, finding that the alleged loss of trust and confidence was unfounded.


Out of court negotiation failed.


This is getting ugly.There will be no harmony and cohesion between the board and the MD.Productivity of the company will be affected.
The board hardened its position when the court ordered for negotiation.They will now have several options:
1.Swallow their pride and accept Mwarania to serve his full contract which expires in 2021
2.Appeal the court decision.
3.The board members behind Mwarania sacking to resign


The obvious will happen.The chairman will be removed if he doesn't mend fences with Mwarania.

Mwarania may never see the inside of his former office but the judgement gives him an upper-hand to 'amicably" part ways with Ken-Re.
cc. ThatKQthief, ThatUchumiShopLifter, FormThari4D

This is obviously true and the only way forward

@ Obiero have you sworn by your appendix that it'll happen? And then we thank you later.Laughing out loudly Laughing out loudly Laughing out loudly

The judgement is an indictment on David Kemei, the chairman. He should fall casualty of Mwarania's reinstatement; with such errors of judgement, he won't last long here even if the latter doesn't return.
Ericsson
#163 Posted : Monday, July 23, 2018 10:56:56 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Superprime1 wrote:
Spikes wrote:
obiero wrote:
Pesa Nane wrote:
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/news/Court-reinstates-Kenya-Re-MD-Jadiah-Mwarania/539546-4672958-ldwl2y/index.html

The Employment and Labour Relations Court has ordered the reinstatement of sacked Kenya Re managing director Jadiah Mwarania.
Justice Byram Ongaya said he should also get full for payment for the period he was away and the board should not interfere or sabotage his job.
The court noted that Mr Mwarania's termination was unfair as he was not given opportunity to be heard, finding that the alleged loss of trust and confidence was unfounded.


Out of court negotiation failed.


This is getting ugly.There will be no harmony and cohesion between the board and the MD.Productivity of the company will be affected.
The board hardened its position when the court ordered for negotiation.They will now have several options:
1.Swallow their pride and accept Mwarania to serve his full contract which expires in 2021
2.Appeal the court decision.
3.The board members behind Mwarania sacking to resign


The obvious will happen.The chairman will be removed if he doesn't mend fences with Mwarania.

Mwarania may never see the inside of his former office but the judgement gives him an upper-hand to 'amicably" part ways with Ken-Re.
cc. ThatKQthief, ThatUchumiShopLifter, FormThari4D

This is obviously true and the only way forward

@ Obiero have you sworn by your appendix that it'll happen? And then we thank you later.Laughing out loudly Laughing out loudly Laughing out loudly

The judgement is an indictment on David Kemei, the chairman. He should fall casualty of Mwarania's reinstatement; with such errors of judgement, he won't last long here even if the latter doesn't return.


Handshake manenos and plus he's arap singh guy
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
wukan
#164 Posted : Monday, July 23, 2018 12:10:31 PM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,590
VituVingiSana wrote:
Ericsson wrote:
murchr wrote:
Ericsson wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/news/Court-reinstates-Kenya-Re-MD-Jadiah-Mwarania/539546-4672958-ldwl2y/index.html

The Employment and Labour Relations Court has ordered the reinstatement of sacked Kenya Re managing director Jadiah Mwarania.
Justice Byram Ongaya said he should also get full for payment for the period he was away and the board should not interfere or sabotage his job.
The court noted that Mr Mwarania's termination was unfair as he was not given opportunity to be heard, finding that the alleged loss of trust and confidence was unfounded.


Out of court negotiation failed.


Good Ruto guys should resign

@vvs
So now the counter should go back to ksh.20?

The NAV is 38 and I will wait patiently for a payday at a much higher price than 20/-


d'oh! d'oh! tena umerudi nyumbani...these GoK firms will batter you to pulp.
VituVingiSana
#165 Posted : Monday, July 23, 2018 4:22:43 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,102
Location: Nairobi
wukan wrote:
VituVingiSana wrote:
Ericsson wrote:
murchr wrote:
Ericsson wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/news/Court-reinstates-Kenya-Re-MD-Jadiah-Mwarania/539546-4672958-ldwl2y/index.html

The Employment and Labour Relations Court has ordered the reinstatement of sacked Kenya Re managing director Jadiah Mwarania.
Justice Byram Ongaya said he should also get full for payment for the period he was away and the board should not interfere or sabotage his job.
The court noted that Mr Mwarania's termination was unfair as he was not given opportunity to be heard, finding that the alleged loss of trust and confidence was unfounded.


Out of court negotiation failed.


Good Ruto guys should resign

@vvs
So now the counter should go back to ksh.20?

The NAV is 38 and I will wait patiently for a payday at a much higher price than 20/-


d'oh! d'oh! tena umerudi nyumbani...these GoK firms will batter you to pulp.

#BringMwaraniaBack Applause Applause Applause
This is my only GoK holding.
I have been beaten black and blue on other GoK firms esp KQ.
You can see the situation in most firms GoK runs or has significant managerial influence.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#166 Posted : Monday, July 23, 2018 4:35:45 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Kenya Re Commercial Mortgage Scheme allows members of the public to acquire homes of their choice at an affordable interest rate of 14% per annum.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
sparkly
#167 Posted : Monday, July 23, 2018 5:05:44 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
wukan wrote:
VituVingiSana wrote:
Ericsson wrote:
murchr wrote:
Ericsson wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/news/Court-reinstates-Kenya-Re-MD-Jadiah-Mwarania/539546-4672958-ldwl2y/index.html

The Employment and Labour Relations Court has ordered the reinstatement of sacked Kenya Re managing director Jadiah Mwarania.
Justice Byram Ongaya said he should also get full for payment for the period he was away and the board should not interfere or sabotage his job.
The court noted that Mr Mwarania's termination was unfair as he was not given opportunity to be heard, finding that the alleged loss of trust and confidence was unfounded.


Out of court negotiation failed.


Good Ruto guys should resign

@vvs
So now the counter should go back to ksh.20?

The NAV is 38 and I will wait patiently for a payday at a much higher price than 20/-


d'oh! d'oh! tena umerudi nyumbani...these GoK firms will batter you to pulp.

#BringMwaraniaBack Applause Applause Applause
This is my only GoK holding.
I have been beaten black and blue on other GoK firms esp KQ.
You can see the situation in most firms GoK runs or has significant managerial influence.


Kenya Re behaves like a monkey but I am afraid of dumping it then seeing it zoom over 30.
Life is short. Live passionately.
Ericsson
#168 Posted : Tuesday, July 24, 2018 11:01:14 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
sparkly wrote:
VituVingiSana wrote:
wukan wrote:
VituVingiSana wrote:
Ericsson wrote:
murchr wrote:
Ericsson wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/news/Court-reinstates-Kenya-Re-MD-Jadiah-Mwarania/539546-4672958-ldwl2y/index.html

The Employment and Labour Relations Court has ordered the reinstatement of sacked Kenya Re managing director Jadiah Mwarania.
Justice Byram Ongaya said he should also get full for payment for the period he was away and the board should not interfere or sabotage his job.
The court noted that Mr Mwarania's termination was unfair as he was not given opportunity to be heard, finding that the alleged loss of trust and confidence was unfounded.


Out of court negotiation failed.


Good Ruto guys should resign

@vvs
So now the counter should go back to ksh.20?

The NAV is 38 and I will wait patiently for a payday at a much higher price than 20/-


d'oh! d'oh! tena umerudi nyumbani...these GoK firms will batter you to pulp.

#BringMwaraniaBack Applause Applause Applause
This is my only GoK holding.
I have been beaten black and blue on other GoK firms esp KQ.
You can see the situation in most firms GoK runs or has significant managerial influence.


Kenya Re behaves like a monkey but I am afraid of dumping it then seeing it zoom over 30.


The bus has departed.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#169 Posted : Tuesday, July 24, 2018 10:10:41 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
https://www.businessdail...9768-jek0fsz/index.html
Mwarania reported to office yesterday without any resistance by the board
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Angelica _ann
#170 Posted : Tuesday, July 24, 2018 10:37:32 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
Ericsson wrote:
https://www.businessdailyafrica.com/news/539546-4679768-jek0fsz/index.html
Mwarania reported to office yesterday without any resistance by the board


Board boxed by Mau tingz. smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
obiero
#171 Posted : Tuesday, July 24, 2018 11:50:46 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,510
Location: nairobi
Angelica _ann wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/news/539546-4679768-jek0fsz/index.html
Mwarania reported to office yesterday without any resistance by the board


Board boxed by Mau tingz. smile

Even the Judiciary is being revisited.. Hapa ni kukaa kimya

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
Ebenyo
#172 Posted : Wednesday, July 25, 2018 5:24:47 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
Ericsson wrote:
https://www.businessdailyafrica.com/news/539546-4679768-jek0fsz/index.html
Mwarania reported to office yesterday without any resistance by the board


David kemei should then resign as board chair immediately.
Towards the goal of financial freedom
Superprime1
#173 Posted : Thursday, July 26, 2018 10:23:18 AM
Rank: Member


Joined: 5/2/2018
Posts: 267
Ebenyo wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/news/539546-4679768-jek0fsz/index.html
Mwarania reported to office yesterday without any resistance by the board


David kemei should then resign as board chair immediately.

Kenya Re has placed an ad on Daily Nation pg4 today, as follows (sorry, can't successfully upload image!):

PUBLIC ANNOUNCEMENT
The Court on 20th July 2018 made its decision to reinstate Mr. Jadiah Mwarania as the Managing Director of the Kenya Reinsurance Corporation Limited. The Corporation has appealed against the Court's decision.

We assure our customers and other stakeholders that the Corporation will continue to render committed and dedicated service at all times.

By Order of the Board

Charles Kariuki
Corporation Secretary


I think this is taking it too far in wanton wastage of company resources, and minority shareholders should demand Kemei's removal! Who told him that we have a problem with Mwarania?

He needs to leave and let KenyaRe make value for "customers and other stakeholders"!
Ericsson
#174 Posted : Thursday, July 26, 2018 6:09:51 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Superprime1 wrote:
Ebenyo wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/news/539546-4679768-jek0fsz/index.html
Mwarania reported to office yesterday without any resistance by the board


David kemei should then resign as board chair immediately.

Kenya Re has placed an ad on Daily Nation pg4 today, as follows (sorry, can't successfully upload image!):

PUBLIC ANNOUNCEMENT
The Court on 20th July 2018 made its decision to reinstate Mr. Jadiah Mwarania as the Managing Director of the Kenya Reinsurance Corporation Limited. The Corporation has appealed against the Court's decision.

We assure our customers and other stakeholders that the Corporation will continue to render committed and dedicated service at all times.

By Order of the Board

Charles Kariuki
Corporation Secretary


I think this is taking it too far in wanton wastage of company resources, and minority shareholders should demand Kemei's removal! Who told him that we have a problem with Mwarania?

He needs to leave and let KenyaRe make value f
or "customers and other stakeholders"!


True superprime
Chairman and the Company Secretary wasting the company's funds placing the advert
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#175 Posted : Monday, July 30, 2018 7:17:46 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Superprime1 wrote:
Ebenyo wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/news/539546-4679768-jek0fsz/index.html
Mwarania reported to office yesterday without any resistance by the board


David kemei should then resign as board chair immediately.

Kenya Re has placed an ad on Daily Nation pg4 today, as follows (sorry, can't successfully upload image!):

PUBLIC ANNOUNCEMENT
The Court on 20th July 2018 made its decision to reinstate Mr. Jadiah Mwarania as the Managing Director of the Kenya Reinsurance Corporation Limited. The Corporation has appealed against the Court's decision.

We assure our customers and other stakeholders that the Corporation will continue to render committed and dedicated service at all times.

By Order of the Board

Charles Kariuki
Corporation Secretary


I think this is taking it too far in wanton wastage of company resources, and minority shareholders should demand Kemei's removal! Who told him that we have a problem with Mwarania?

He needs to leave and let KenyaRe make value for "customers and other stakeholders"!


Appeal yet to be filed at the court's,the chairman is weighing his options whether he has a strong case
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ebenyo
#176 Posted : Monday, July 30, 2018 6:58:52 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
Ericsson wrote:
Superprime1 wrote:
Ebenyo wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/news/539546-4679768-jek0fsz/index.html
Mwarania reported to office yesterday without any resistance by the board


David kemei should then resign as board chair immediately.

Kenya Re has placed an ad on Daily Nation pg4 today, as follows (sorry, can't successfully upload image!):

PUBLIC ANNOUNCEMENT
The Court on 20th July 2018 made its decision to reinstate Mr. Jadiah Mwarania as the Managing Director of the Kenya Reinsurance Corporation Limited. The Corporation has appealed against the Court's decision.

We assure our customers and other stakeholders that the Corporation will continue to render committed and dedicated service at all times.

By Order of the Board

Charles Kariuki
Corporation Secretary


I think this is taking it too far in wanton wastage of company resources, and minority shareholders should demand Kemei's removal! Who told him that we have a problem with Mwarania?

He needs to leave and let KenyaRe make value for "customers and other stakeholders"!


Appeal yet to be filed at the court's,the chairman is weighing his options whether he has a strong case


His case is very weak.Kenya Re has done well under Mwarania.
Towards the goal of financial freedom
obiero
#177 Posted : Monday, July 30, 2018 7:29:49 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,510
Location: nairobi
Spikes wrote:
obiero wrote:
Pesa Nane wrote:
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/news/Court-reinstates-Kenya-Re-MD-Jadiah-Mwarania/539546-4672958-ldwl2y/index.html

The Employment and Labour Relations Court has ordered the reinstatement of sacked Kenya Re managing director Jadiah Mwarania.
Justice Byram Ongaya said he should also get full for payment for the period he was away and the board should not interfere or sabotage his job.
The court noted that Mr Mwarania's termination was unfair as he was not given opportunity to be heard, finding that the alleged loss of trust and confidence was unfounded.


Out of court negotiation failed.


This is getting ugly.There will be no harmony and cohesion between the board and the MD.Productivity of the company will be affected.
The board hardened its position when the court ordered for negotiation.They will now have several options:
1.Swallow their pride and accept Mwarania to serve his full contract which expires in 2021
2.Appeal the court decision.
3.The board members behind Mwarania sacking to resign


The obvious will happen.The chairman will be removed if he doesn't mend fences with Mwarania.

Mwarania may never see the inside of his former office but the judgement gives him an upper-hand to 'amicably" part ways with Ken-Re.
cc. ThatKQthief, ThatUchumiShopLifter, FormThari4D

This is obviously true and the only way forward

@ Obiero have you sworn by your appendix that it'll happen? And then we thank you later.Laughing out loudly Laughing out loudly Laughing out loudly

Only a novice would imagine that the courts would return anyone to work.. Precedence litters these Kenyan corporate battle walkways.. Remember that the CEO reports into the board so if he/she cannot gain their trust/sympathy/comradeship it's the end of the road

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
Ericsson
#178 Posted : Monday, July 30, 2018 8:31:46 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
obiero wrote:
Spikes wrote:
obiero wrote:
Pesa Nane wrote:
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/news/Court-reinstates-Kenya-Re-MD-Jadiah-Mwarania/539546-4672958-ldwl2y/index.html

The Employment and Labour Relations Court has ordered the reinstatement of sacked Kenya Re managing director Jadiah Mwarania.
Justice Byram Ongaya said he should also get full for payment for the period he was away and the board should not interfere or sabotage his job.
The court noted that Mr Mwarania's termination was unfair as he was not given opportunity to be heard, finding that the alleged loss of trust and confidence was unfounded.


Out of court negotiation failed.


This is getting ugly.There will be no harmony and cohesion between the board and the MD.Productivity of the company will be affected.
The board hardened its position when the court ordered for negotiation.They will now have several options:
1.Swallow their pride and accept Mwarania to serve his full contract which expires in 2021
2.Appeal the court decision.
3.The board members behind Mwarania sacking to resign


The obvious will happen.The chairman will be removed if he doesn't mend fences with Mwarania.

Mwarania may never see the inside of his former office but the judgement gives him an upper-hand to 'amicably" part ways with Ken-Re.
cc. ThatKQthief, ThatUchumiShopLifter, FormThari4D

This is obviously true and the only way forward

@ Obiero have you sworn by your appendix that it'll happen? And then we thank you later.Laughing out loudly Laughing out loudly Laughing out loudly

Only a novice would imagine that the courts would return anyone to work.. Precedence litters these Kenyan corporate battle walkways.. Remember that the CEO reports into the board so if he/she cannot gain their trust/sympathy/comradeship it's the end of the road


Wangusi at CAK is an example where courts returned someone to work
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
obiero
#179 Posted : Monday, July 30, 2018 9:01:49 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,510
Location: nairobi
Ericsson wrote:
obiero wrote:
Spikes wrote:
obiero wrote:
Pesa Nane wrote:
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/news/Court-reinstates-Kenya-Re-MD-Jadiah-Mwarania/539546-4672958-ldwl2y/index.html

The Employment and Labour Relations Court has ordered the reinstatement of sacked Kenya Re managing director Jadiah Mwarania.
Justice Byram Ongaya said he should also get full for payment for the period he was away and the board should not interfere or sabotage his job.
The court noted that Mr Mwarania's termination was unfair as he was not given opportunity to be heard, finding that the alleged loss of trust and confidence was unfounded.


Out of court negotiation failed.


This is getting ugly.There will be no harmony and cohesion between the board and the MD.Productivity of the company will be affected.
The board hardened its position when the court ordered for negotiation.They will now have several options:
1.Swallow their pride and accept Mwarania to serve his full contract which expires in 2021
2.Appeal the court decision.
3.The board members behind Mwarania sacking to resign


The obvious will happen.The chairman will be removed if he doesn't mend fences with Mwarania.

Mwarania may never see the inside of his former office but the judgement gives him an upper-hand to 'amicably" part ways with Ken-Re.
cc. ThatKQthief, ThatUchumiShopLifter, FormThari4D

This is obviously true and the only way forward

@ Obiero have you sworn by your appendix that it'll happen? And then we thank you later.Laughing out loudly Laughing out loudly Laughing out loudly

Only a novice would imagine that the courts would return anyone to work.. Precedence litters these Kenyan corporate battle walkways.. Remember that the CEO reports into the board so if he/she cannot gain their trust/sympathy/comradeship it's the end of the road


Wangusi at CAK is an example where courts returned someone to work

His was a suspension, not dismissal https://www.the-star.co....er-unfair-staff_c1697438

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
VituVingiSana
#180 Posted : Tuesday, August 07, 2018 4:10:57 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,102
Location: Nairobi
24th August
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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