We've probably seen more words written and posts entered in the last week on "CEO issues" than we've seen for a while, if ever, on any SM topic. Certainly, I'm probably guilty of having over-shared my thought process, reactions and opinions. (Remember, you can mute any voices cluttering your feed!)
So, I was not at all surprised to read @Strawman's weekly email on the topic of CEO's behaving badly. I think it is a must-read, as it has captured eloquently and convincingly the key points about this important topic. The following paragraph very much resonated with me;
"The sweet spot is when the founder-CEO can focus on broader strategic considerations while leaving operational matters to trusted lieutenants. You want a visionary who can set the company’s direction, inspire the team, and build a healthy culture while relying on a strong management bench to handle day-to-day operations."
I've seldom commented on the weekly newsletter, but I always have at least a quick scan read of it among the early things I do on a Saturday morning. (Wake-up, get coffee, open Bloomberg app to see how Wall Street closed, check Reuters for global headlines, check bbc.com for global headlines, read WSJ.com latest, business and economy sections, open email and see if @strawman's weekly offering has landed ....).
Each week, the market bombards an investor like me with 20+ holdings, and a watchlist of 20-40 items (of varying intensity), with a mountain of new information, SP movements, industry and economic news, presenting options and potential decisions. And so I always value the more strategic and reflective tone of the SM Weekly Newsletter. All the more, because I appreciate the discipline and effort it requires to produce material of such consistent quality on such a frequent basis. What better way to sign off from the week, with a fresh coffee in bed on a Saturday morning, as the brain gently digests, reflects, and processes all of the stimulation of the week.
Hat off to you, sir. Keep it up! Thank you.