Management is one of the 4M’s of Rule #1 investing, and evaluating a company’s management to ensure that they are trustworthy and capable of leading the company forward is an essential step before you invest in a company. http://bit.ly/2LvkRH2
In this video I cover how shareholder letters can be the best resource for seeking out a management team with integrity.
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Great information.Sir please tell me the step to get the shareholder letters from the company site. Some companies don't have
I'm a new trader. 1 year invested. Year 2 will be spent on research. Step 1, read more shareholders letters. Thanks for the info Phil
After watching this video I went ahead and found this: Apple CEO Tim Cook on the company's 2018 Q4 earnings
Thank you
You really love Warren Buffett. You talk about him in almost every video.
Good info here. The problem is that some of my favorite growth companies don't issue shareholder letters haha. I guess I'll find more and more over time though!
Really cool video! Love it!
There goes a nice topic for you to talk, Phil! What do we do when we find a great great company that is going through a change on it's CEO???
Lately there was two great companies that I loved it, but when I got to the CEO, I found out that the CEOs who took the companies to where they were were leaving it! One was Starbucks, not long ago, you certainly know, and the other is MTY Group from Canada.
Both past CEO were the founders of those companies and made them be what they are. The new CEOs look good, but they don't have a history leading the company yet.
What is your advice on this?
I want to thank you for your videos. To me, you've come across as a person who's genuinely interested in sharing knowledge and making us educated. Not once have I seen a video where you're trying to force us viewers to buy a product.
Certain companies I looks forward to the annual letter. Some are truly an education in business and portals into the specific industry.
Hey Phil, please do a video on how to find the value of a stock with the margin of safety!
Thanks!
Awesome video!
Shareholder letters are a great tool for getting fundamental information about a company, and it's management. I like to correlate the letter to another part in the annual report (10-K), usually called "risk statement" or "risk factors". It's easy to compare on a year-to-year basis if the risks of the company has changed. Thereby, you can look for a few of the factors that's mentioned in the video, like 2 "Management should be direct, open and honest", and 3 "Watch for warning signs".
Great video Phil! Would love to see you walk viewers through dissecting a shareholder letter to determine the 5 points you mentioned.
Find leaders who are honest about the good and bad of the company. Great video!
You provided very good examples of good CEO letters, but do you have any examples of very poor/suspicious letters? I feel like this would be a much better tool because I find I learn better by identifying bad things/mistakes.
Does anybody know if Buffett has a personal stock portfolio as well? Or is Berkshire Hathaway his only involvement within the stock market?
How about the quantitative – in the notes there will be details on the self dealing of the C-suite with the company – I think your listeners might benefit from an explanation of that as well.
Another brilliant video thanks! Would love to see you do one about what potential things you think will cause the next market crash and what it is likely to be!
Warren Buffett's shareholder letters are timeless classics that every investor should spend time reading. Great video Phil.
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Your the best
Why do you post videos at the same time as Brian Tracy?
Hello Phil!
Just what I needed. Great resource, as usual, thank you for your insight, Phil!