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.