Thread by @mastersinvest

‘My job is not to sell you stock. If you want to talk about the strategy, the portfolio, where we are headed and you like what you hear then please buy the stock. But if not, I’ve got plenty of shareholders.’ Paul Perreault CSL (outgoing CEO)

afr.com/work-and-caree…

"If a CEO is simply promoting the stock and trying to get the stock price higher, he's not doing his job." Warren Buffett

“Today, it seems to be regarded as the duty of CEOs to make the stock go up. This leads to all sorts of foolish behaviour. We want to tell it like it is.” Charlie Munger

'If you do the right things for the business, for the patients, the values and culture of the organisation and if you have something meaningful to deliver then things should work out ok.' Paul Perreault CSL (outgoing CEO)

#dotherightthing

'I do ask a lot of questions. Just asking questions. I’m a highly questioning person. My mom used to ask me: ‘Why do you answer a question with a question?’ & I would say: ‘Why do you ask?’ But I’m also highly accepting. I want to know, sometimes because I don’t know' P Perreault

'One thing I’ve learned is to always inquire. Always ask questions, and look at the vulnerabilities of a situation in order to figure out how to solve it.' Charlie Munger

'Harvard Business Review did an article years ago, looking at the failure of CEOs & the one thing they found is that people who came up through one discipline, tended to fail more frequently than those who had multiple skills.' Paul Perreault

#multidisciplinary
#manwithhammer

“People who have a proclivity for announcing how valuable their stock is, are I think, people who you ought to be very cautious of.” Warren Buffett