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4min chapter
Bird's Eye View of Proxy Statements
The Investing for Beginners Podcast - Your Path to Financial Freedom
How to Find a Company That's Family Owned
When a company is owned by all of Wall Street, like everybody in the world owns a piece, then you can start to have voting where kind of the power the crowd comes in. But a company like Watsco, you don't have that because it's family owned, essentially. So if people who own Watsco did not like how the company is spending their money, for example, they can't necessarily drive a vote to have the company change. You do have to be a little more careful as an investor.
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