Thread by @jeulrik

I recommended this book: Boundless: The Rise, Fall and Escape of Carlos Ghosn by the two @WSJ journalist @Nick_Kostov and @McLainSean published by @HarperCollins in our Maj Invest Magazine in Nov 2022 with @Rimestad at @MajInvest

#WSJ #majinvest #majinvestvalueequities

Even though the attached article is in Danish, the recommendation for the book is, as always, universal.
Boundless both refers to Mr. Ghosn rise and his international vision, which not coincidentally coincided with the past 20 years of Globalism,

and to his lack of restraint when it came to mixing his personal finances with those of the companies he was running. The book is a well written account, rich on details, of the career and down fall of Carlos Ghosn and his pivotal role in the global auto industry, with France and

Japan as the main setting. I think that Kostov and McLean offer some interesting insights, among other, in to the highly politized positions that both Renault and to a certain degree Nissan has and how political skills is a necessary requisite in a CEO toolbox for managing

the two companies and when the lines were crossed it came with great cost for many people involved in the debacle The book does not make definitive conclusions about guilt, but it lays out a strong case for certain questionable behavior, which so far has had dire consequences

for several other players in the game, other than Carlos Ghosn, who currently resides in Lebanon with a red notice from Interpol hanging over his head barring him from leaving the country.

The story about Mr. Ghosn is both a highly personal story and about defying obstacles and a tough upbringing and it also carries a lot of broader elements as well, which in many ways remind me of a modern-day Icarus myth

with a man flying way too close to the sun and falling due to his hubris and excessive pride. His boundless quest for improvement, personal and professional, was part of the same boundlessness in seeking admiration and financial compensation at any cost,

setting the course for flying ever higher, towards the sun In the end both the Japanese and French governments, and the Nissan board, proved to be the sun that dissolved the wax holding his wings.

The book certainly has a lot of elements for an investor checklist, but it is also a well written reminder about the necessity of remaining grounded despite lots of success and fame.
Happy reading or listening as I did on @audibleuk

#Audible #harpercollins #checklist