I find good managements by looking for good financial statements over the years.
Personally I have no idea if the CEO, CFO, CTO, Chairman, Managing Director of a company is a hardworking and committed individual who cares for the shareholders and believes in creating wealth for them on a long term.
If the financial statements are positive i.e. there is good organic top-line growth and increase in margins. If the company is giving out regular dividends. If the company is not unnecessarily increasing debt and diluting equity. Then according to me the management is good.
Maybe what I said was obvious, but then I have observed that people talk about good management as if it is an entirely independent area of research. As I see it, investors should care about good balance sheets and profit-loss statements as they reflect the management quality, unless they have had an opportunity to hang out with the company’s management/promoters.
I wrote this post because, of late, I have seen people talk about “good management” as if they have grown up with the company’s CEO!