Forum Archive Index - February 2001

["Wedde, John" <john.wedde@cit.ac.nz>]

Hi Ben,
Good article. Don't you think most of his arguments were based on good old
fundamentals though? 
>From where I see it there is nothing really more important when assessing a
company than the Balance Sheet and the Income Statement. One of my most
important maxims has always been to judge people on what they do, rather
than what they say, or, as the old saying goes "actions speak louder than
words".
Cheers
John 



                -----Original Message-----
                From:   Ben Dutton [mailto:bendutton@sharechat.co.nz]
                Sent:   Wednesday, 21 February 2001 07:42
                To:     sharechat@sharechat.co.nz
                Subject:        [sharechat] Know your company's management?
A contrarian view

                Came across an interesting article in Forbes magazine the
other week - check
                it out here:

                http://www.forbes.com/global/2001/0219/065.html

                It's about a fund manager in the States who, considering the
size of his
                fund, takes an unusual approach to his investments.  His
secret?  Don't
                interview the management of a company.  Here's an excerpt:

                '"Why should I talk to the ministers of propaganda?" he
says. "I want to see
                what people do, not what they say." Instead, he says, look
at the financial
                statements, especially footnotes.'

                Interesting approach.

                Best Regards

                Ben Dutton
                (Disc. I still like to know the management - but the article
did make me
                think).


        
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