Thanks Funman, Interesting article.
It reminds me of one of my "management truths" that I've looked for in
investments over the years. Managements that hand out gold stars for
accomplishing a single purpose goal usually find that most every other
important aspect of the company then gets ignored. Everyone works hard to
get their gold star on their report card while the company founders.
Graduate business schools are partly to blame. They create buzz word
solutions to "sell" their own product - attendance at their schools and
headlines in the business journals - while losing sight of the more
complete picture of business management.
I'm happy to read that Mr. Eloi seems to understand the downside of single
minded gold stars.
OAG
It reminds me of one of my "management truths" that I've looked for in
investments over the years. Managements that hand out gold stars for
accomplishing a single purpose goal usually find that most every other
important aspect of the company then gets ignored. Everyone works hard to
get their gold star on their report card while the company founders.
Graduate business schools are partly to blame. They create buzz word
solutions to "sell" their own product - attendance at their schools and
headlines in the business journals - while losing sight of the more
complete picture of business management.
I'm happy to read that Mr. Eloi seems to understand the downside of single
minded gold stars.
OAG
Buy from the Scared; Sell to the Greedy.....
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