(13-06-2012, 01:41 PM)Jacmar Wrote: [ -> ] (13-06-2012, 11:33 AM)CityFarmer Wrote: [ -> ]IMO, the key point is the prudence with company finance by CEO, rather than his/her personal spending habit.
As long the company finance been managed with prudence, i will rather ignore the CEO personal spending habit
Totally agree on this . however i would draw the line if he/she is a heavy gambler at the casino.we want conservative CEOs and not big risk takers running the firm.
Totally agree with your view. A gambler is a definitely "NO"
Jacmar & City Farmer,
If I had invested in Kerry Packer's media business when he had started off...... I would be an appreciably richer individual than I am today. Kerry, rest his soul, had a habit of betting US$ 1 Million on a single hand of blackjack or a roll of the dice in the Las Vegas MGM Casino. By all accounts he was a very shrewd businessman.
I would hazard a guess that more than one of Singapore's most respected and successful business people are "heavy" gamblers ............ but only in the casino.
(13-06-2012, 03:33 PM)CityFarmer Wrote: [ -> ] (13-06-2012, 01:41 PM)Jacmar Wrote: [ -> ] (13-06-2012, 11:33 AM)CityFarmer Wrote: [ -> ]IMO, the key point is the prudence with company finance by CEO, rather than his/her personal spending habit.
As long the company finance been managed with prudence, i will rather ignore the CEO personal spending habit
Totally agree on this . however i would draw the line if he/she is a heavy gambler at the casino.we want conservative CEOs and not big risk takers running the firm.
Totally agree with your view. A gambler is a definitely "NO"
(13-06-2012, 04:51 PM)RBM Wrote: [ -> ]Jacmar & City Farmer,
If I had invested in Kerry Packer's media business when he had started off...... I would be an appreciably richer individual than I am today. Kerry, rest his soul, had a habit of betting US$ 1 Million on a single hand of blackjack or a roll of the dice in the Las Vegas MGM Casino. By all accounts he was a very shrewd businessman.
I would hazard a guess that more than one of Singapore's most respected and successful business people are "heavy" gamblers ............ but only in the casino.
For a shrewd businessman, he should know the winning odd to gamble in Casino. If a shrewd businessman is also a regular "VIP customer" of Casino, there are only few reasons
- He is not as shrewd as we think.
- He is shrewd, and know the odd, but it is un-controllable desire to bet
- He like the high risk high gain biz, gambling is one of the "biz" he going after
I will avoid his company for any of the reasons above.
Maybe i am still young and limited exposure? (compare with RMB of course
) I did not come across a sustainable successful businessman who is also a regular "customer" to Casino, both in my working and personal life.
(13-06-2012, 04:51 PM)RBM Wrote: [ -> ]Jacmar & City Farmer,
If I had invested in Kerry Packer's media business when he had started off...... I would be an appreciably richer individual than I am today. Kerry, rest his soul, had a habit of betting US$ 1 Million on a single hand of blackjack or a roll of the dice in the Las Vegas MGM Casino. By all accounts he was a very shrewd businessman.
I would hazard a guess that more than one of Singapore's most respected and successful business people are "heavy" gamblers ............ but only in the casino.
I have many screens that helps me decide what to invest and this is not one of them. i am very sure in my screens i will weed out some multi-baggers too but my screens help me to sleep soundly at night too!!