02-05-2013, 10:31 AM
(02-05-2013, 09:59 AM)KopiKat Wrote:(02-05-2013, 09:35 AM)CityFarmer Wrote:(01-05-2013, 09:50 PM)Drizzt Wrote: hi CityFarmer i think he likes it as a durable service company and they have provided guidance to 2015 on their buy back plans.
personally i am concern about the leadership capability of this new ceo.
It's difficult to judge base on public info of the new CEO. I will take an indirect approach. Warren Buffett is very concern on top management appointment. If he is ok with her, i will opt to trust his judgement.
(not vested)
If I were to look at Warren Buffett quotes, his higher focus is on the business,
You should invest in a business that even a fool can run, because someday a fool will.
eg. Coca Cola many years back
When a management team with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
eg. Berkshire Hathaway during Garment biz days
An old article from Forbes dated 18-Jan-13,
Why Warren Buffett Keeps Buying IBM
Sifu is right, his higher focus is always on business, but he had never chosen a fool as top management of his invested companies IIRC.

In the article quoted, probably half of it is on "Management - Business Execution"
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡