Some takeaways on Core Values for a Company, its Employees CEO and Board. Common => Values and Competence
Aspiration, Values, Sacrifice, Convincing, Articulation, Treading Untrodden path
Employee => Learning, Hardwork, Teamwork, Global Benchmarking
CEO => Leadership qualities, RA & Mitigation, Strategic, Communication, Out Of Box Thinking, Leaning from Competition, Integrity, Excellence in Execution, Articulating
Board Chair => Coach the CEO to Do Right Thing, Share Distilled wisdom to handle tough situations,
#MICIN#MICDigital On philanthropy, done in lowkey manner. Different people contribute in different ways. In his childhood mother fed a poor child feed every day. Not only in Kind but only needs a Big Heart, Sharing is Caring. e.g. Teach for India, AkshayPatra @in_morningstar
#MICIN#MICDigital On dominance of Big Tech Cos & Congressional Hearings. Not expert Regulators right to answer. CEOs publicly extoll competition, privatelv want to kill competition. Winning against competition basic. So not entrepreneurs only to adhere strictly and fairly
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#MICIN#MICDigital Services PMI, Rural Demand increasing but 7.5 mil jobs lost in Urban areas, Income inequality increasing, coupled with 10yrs investment stagnation and Balance Sheet issues of NBFCs, Households, etc. not able to spend to get economy up. Demand Side problem
Dip in India more so recovery also will be sharper. But for extended period our growth will lag global. Maybe Mar 22 we are back to Mar 20. Today we are 95% of pre-covid but that was one of worst points of our economy. So not encouraging sign.
@in_morningstar#micin#MICDigital Session with Sanjoy Bhattacharya. Don't believe in sectoral investing. Not football 😆. Go with managements that are capable, value oriented and deliver growth.
@in_morningstar#micin#MICDigital Sanjoy Bhattacharya, Dont understand Value Investing. Any investment that one does is driven by the value of the investment. Own an investment that is sustainable, run by good management, value less than what it is worth.
And after investment follow it, Read Read Read. Cut out the noise (poor qrtly result for eg). And follow JM Keynes "When Facts Change I Change my Mind". Specially true in these times when environment changes, competition etc faster than the 70s, 80s or beginning of this century