Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

AMAT 230.17

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Nov 7 9:30 AM EST

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To: Gottfried who wrote (25318)	11/8/2013 3:41:09 PM
From: Sun Tzu	of 25522

I think it was inevitable that Block Buster would end up closing stores. But had they followed my suggestions back then, they would have had a fighting chance to beat Netflix at their own game or at least split the market with them. Their executives just did not have a vision for the future. I've talked with a lot executives across many industries. And I can tell you that the vast majority of them lack vision. There is maybe 10% of them who perhaps due to contact with their kids or grand kids have mediocre understanding of the world trends and are advertised as "visionaries." The true visionaries make up less than 2% of the execs. My conclusion has been to stay away from any company that advertises their CEO as a strategist or a visionary or even mildly advertises those qualities for their execs. Instead focus on those execs with an execution focus. Execution can be learned and enhanced over the years. Vision and strategy, not so much. So find a company with executives who know how to execute but also know when to bring in good strategy consultants and you will do better than most.

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