Send us a text Howard Marks โ navigating the crisis - creed, preparation and control What kind of mindset and organisational culture does it take to survive and to thrive in market turmoil? Letโs be frank, there are a vanishingly small number of people who have navigated multiples crises successfully and have something interesting and reflective to say it about it. One person who does is Howard Marks. Founder and Co-Chairman of Oaktree he is, for our (and Warren Buffetโs) money, one of th...
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Send us a text Howard Marks โ navigating the crisis - creed, preparation and control What kind of mindset and organisational culture does it take to survive and to thrive in market turmoil? Letโs be frank, there are a vanishingly small number of people who have navigated multiples crises successfully and have something interesting and reflective to say it about it. One person who does is Howard Marks. Founder and Co-Chairman of Oaktree he is, for our (and Warren Buffetโs) money, one of th...
Underperformance - everyone's got a plan until they're hit in the face
Decision Nerds
38 minutes
1 year ago
Underperformance - everyone's got a plan until they're hit in the face
Send us a text ๐๐ผ๐ ๐บ๐๐ฐ๐ต ๐๐ถ๐บ๐ฒ ๐ฑ๐ผ ๐๐ผ๐ ๐ด๐ถ๐๐ฒ ๐ฎ๐ป ๐๐ป๐ฑ๐ฒ๐ฟ๐ฝ๐ฒ๐ฟ๐ณ๐ผ๐ฟ๐บ๐ถ๐ป๐ด ๐ถ๐ป๐๐ฒ๐๐๐บ๐ฒ๐ป๐ ๐บ๐ฎ๐ป๐ฎ๐ด๐ฒ๐ฟ? 1. Hire a manager after a period of strong performance. 2. Watch in horror as you donโt experience that outcome, maybe the opposite. 3. Spend a huge amount of time and emotional labour deciding on whether your initial thesis was wrong, something has changed at the manager, or with market dynamics. 4. After sucking up a huge amount of governance time, decide to sack the manager. 5. Rinse and repeat with poten...
Decision Nerds
Send us a text Howard Marks โ navigating the crisis - creed, preparation and control What kind of mindset and organisational culture does it take to survive and to thrive in market turmoil? Letโs be frank, there are a vanishingly small number of people who have navigated multiples crises successfully and have something interesting and reflective to say it about it. One person who does is Howard Marks. Founder and Co-Chairman of Oaktree he is, for our (and Warren Buffetโs) money, one of th...
