Richard Oldfield on Value Investing, Warren Buffet and Elon Musk
Macro Hive Conversations With Bilal Hafeez
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The Premature Beatification of Chief Executives
There is a tendency to build these people up on a pedestal, it happened with Jack or Mike Thompson who was the Chief Executive Renta Kill. At the same time Carlos Gown couldn't put a foot wrong and he was treated as a sort of saint. So that's the caution about Chiefy's entities but we've made mistakes on that front. I mean one of our biggest mistakes in recent years has been with Tesco when the Chief Executive when Terry Lee retired after a long very successful career. It was very difficult for his successor. Phil Clark had to row back from this.
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