Phil and Danielle discuss finding a talented, honest CEO with integrity and why this is so important to Rule #1 investors. Phil explains the difference between a CEO that has the long-term mission of the company and keeps their employees, and stakeholders in mind, vs. a CEO that is a mercenary and puts a company in danger of running it into the ground. Phil and Danielle also make a few Star Wars references and discuss John Mackey’s book “Conscious Capitalism.”
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Very informative podcast! The ''with great power comes great responsibilities'' quote is from Spiderman's uncle btw….
Would you own Berkshire Hathaway?
Thanks Mr. Town and Danielle Town! You guys are really helping me understand that investing is a discipline and takes time and preparation.