We have made the mistake more than once of not investing in a company with a great management team because of valuation concerns — only to look back a year later and realise we missed an opportunity because the management team made intelligent, strategic decisions that had a significant impact. — Lee Ainslie
One often overlooked place to discover a company’s human side is the CEO’s annual letter to shareholders. At its best, this document provides the CEO’s candid reflections on the company’s progress over the past year, as well as insight into where it is headed. At its worst, it’s pure promotional fluff, designed to deliberately obscure the truth...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.