... 200–201orientation of board, 195 –200reforms in, 197 shareholder primacy and, 180, 1 89 190 , 194 shareholder proposals and, 202–204size of board, 200son-in-law standard, 193 – 195 succession and, 201, 206–207takeover ... 134–138capitalization of earnings method, 95 – 96 , 98 , 99 , 133, 138–142circle of competence and, 105–118compounding in, 100–102discounted cash flow method, 96 98 , 99 , 133, 144–145inflation in, 103, ... method of valuation, 96 98 , 99 , 133, 144–145Discounting, 97 98 Diversification, 15, 75–76asset allocation and, 76–77income allocation and, 77–78 and modern portfolio theory, 29 Dividend discount...