In an Inside Investor Relations article from September 30, 2011, Warren Buffett expressed how he feels about investor relations, and the caste system in place between institutional investors and retail investors.

 

According to the article, Buffett "famously told CNBC that a lot of companies spend too much time kowtowing to investors, and that as an investor himself, he doesn’t need to be schmoozed. So with investors demanding so much face-time with management and exerting newfound power in the boardroom when they don’t get a say in how companies are run, what’s the best approach to investor relations?"

 

Buffet's response? There should be no difference between institutional investors and retail investors. There should be no playing favourites with the institutional investors, and everyone should get the same information at the same time.

 

But how? Buffett recommends "a great annual report once a year and post weekly answers to investor questions on your company website."

 

Obviously this isn't a straightout recommendation for our new site here, but I think what Buffett is saying directly applies to Waggle and what we're trying to achieve. Do retail investors get the same attention as institutional investors? Not usually. But with Waggle, we're trying to change that, and I hope you see the benefits.

 

See below for Buffett talking about investor relations.