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12-02-2014, 12:11 PM
(This post was last modified: 12-02-2014, 12:12 PM by felixleong.)
when you purchase any shares, always best to look beyond numbers, integrity of management is very important.
like warren buffett said
“Somebody once said that in looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And if you don’t have the first, the other two will kill you. You think about it; it’s true. If you hire somebody without [integrity], you really want them to be dumb and lazy.”
if management doesn't have integrity to reward shareholders, you can lose value very fast.
That is also why blue chips that have a track record of management constantly rewarding shareholders tend to have a premium, such as a higher PE ratio.
like warren buffett said
“Somebody once said that in looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And if you don’t have the first, the other two will kill you. You think about it; it’s true. If you hire somebody without [integrity], you really want them to be dumb and lazy.”
if management doesn't have integrity to reward shareholders, you can lose value very fast.
That is also why blue chips that have a track record of management constantly rewarding shareholders tend to have a premium, such as a higher PE ratio.