"Unions are at a disadvantage in a company vote because the employees can see that the greatest advocates of unionization are often the malcontents and marginal workers."

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All the equity investors, in total, will surely bear a performance disadvantage per annum equal to the total croupiers' costs they have jointly elected to bear. This is an inescapable fact of life. And it is also inescapable that exactly half of the investors will get a result below the median result after the croupiers' take, which median result may well be somewhere between unexciting and lousy.

— Charlie Munger