…from a reasonably competent investor …
Great work, once again! I feel that you have addressed a very important and quite often, under recognized aspect of “management quality”. In my opinion, many a times, our investment analysis does not give due attention to “Management Quality” as driving force behind value creation of business. Our analysis efforts primarily revolves around business quality and management quality is treated as “check list item”. This presentation should prod us to think more about the role “management quality” as a key driver of long term wealth creation for investors.
Points covered in the presentation aptly reflects the learning VP team have had through various management interactions. As usual, the most striking feature is the crispness with which the “key ideas” have been covered.
Thanks once again for sharing the distilled wisdom.