There is no precise metric to look at. The smaller a company, the more critical the CEO is. If a company becomes 1000 and 10’000 people, the relative importance of the CEO begins to diminish and the value of the team grows.
I once told a room of 200 professional investors at an investment conference in Omaha that I would give twenty bucks to anyone in the room that could name four CEOs of Exxon after John D. Rockefeller. Nobody could step up to collect the money.
– Tom Gayner
Some stuff I am reading today morning:
Trump delays 50% tariffs on EU (CNBC)
Wall Street braces for bond market turmoil (Yahoo)
Smear campaign against Zepto (Aadit Palicha)
Adani Ports,JSW Infra make logistics anchor (Rediff)
Unlocking hidden value of used EV batteries (OP)
US Consumer sentiment at record lows (CNN)
How AI can help investors (Dr Vijay Malik)
The hardest day to invest is always today (CA)
The sunk costs of market timing (CS)
Thread: 10 Lessons from Rose Blumkin (Shane Parrish)
Here are the most clicked items on Alpha Ideas this week:
Ganesh Housing: God Level Margins (AI)
UK FTA & India Textile Exports (AI)
Indian Equity Funds hold 7% in cash (CM)
Power Grid: 3 Lakh Cr Business Outlook (AI)
Indian heirs reluctant to carry on family biz (DH)
Apar: Go West (AI)
4 Cos which can profit from nuclear power mega trend (FE)
Be warned. IPO mania has returned (ML)
30 Quotes from Financial History (CFA Institute)
Carry no more (AI)
Some off beat reads for the weekend:
How Amit Shah crushed Naxalism (GC)
The Fifth Column (Open)
China’s military falters ( ORF )
Trump’s China Policy (American Prospect)
Inequity in Pakistan ( Tribune )
The PKK’s decision to disband ( Crisis)
Israel can make Trillion of $ in Applied AI (TOI)
Israeli society is splitting into two (JPost)
A 55 year old conversation has scandalised the Arab world (NL)
Stalin returns to Moscow (RT)
The Slavic War according to Stalin ( Engelsberg)
Pirates of the Ayahuasca ( N+1 )
The return to Kailash (ORCA)
Thread: The seige of Leningrad (Rina Lu)
Malcolm X at 100 ( Spiked )
Source : Earnings Call of Apar Industries Ltd
