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Strategies & Market Trends : Value Investing

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To: Harshu Vyas who wrote (74930)1/25/2024 9:15:42 PM
From: Paul Senior  Read Replies (1) of 78497
 
Quality of management is important. I disagree that it's possible for an outsider to evaluate the top guy, let alone his staff. The head honchos of many businesses come up through sales. They can tell their story and their company's story very well. We see some successful fund managers who don't visit with companies because they believe they will be too positively influenced by management and management presentations.

Very dangerous imo listening to presentations and coming away believing from that that the spokesperson is trustful and competent. Using that belief for a criterion to pick stocks can bite. And the reverse too: person seems to flounder or is inarticulate during a quarterly conference, and so we just dismiss his competence or leadership ability.
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