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#NickSleep on promoters: Empty Vessels and a Quieter Approach. Upon reflection, it is curious that this quiet attitude extends, in its own way, to the companies in which we have entrusted your dollars: Amazon and Costco do not advertise (no shouting here); /1
Berkshire does not provide earnings guidance;
Amazon, Costco, AirAsia, and parts of Berkshire give back margin to the customer. 2/3rd's of the portfolio is invested in firms that in some way shun commonplace promotional activity and they are no less successful as a result. /2
Amazon, Costco, AirAsia, and parts of Berkshire give back margin to the customer. 2/3rd's of the portfolio is invested in firms that in some way shun commonplace promotional activity and they are no less successful as a result. /2
If one steps outside of stock market listed companies to instead observe private firms run by proprietors and founders, it is the quiet approach that is far closer to the norm. Let’s invert: why are publicly listed companies so promotional about their affairs? /3
