The Art of the Good Life #42 : The Illusion of Changing the World
The second installation of “The Illusion of Changing the World” argues that you should not try to take yourself too seriously and put yourself on the pedestal.
While inventions can be made by a specific individual, if the individual had not existed, the invention would have been made anyway because many folks in this world may be looking at the same problem. Reinforcing this idea further is that many large companies can change CEOs but company results are often quite consistent no matter who is in charge.
I try not to invest based on my feelings towards a company’s management team.
These are subjective evaluations on how well a company is doing.
However, I have to admit that it is possible to assess the strength of management through the proper metrics.
Case in point, the Piotroski’s F Score considers a positive and rising ROA as two considerations to see if the company is worth investing in.
I also like the ending of this chapter. Eventually, after anyone dies, there will be part of the memory of at best, their surviving spouses, children or grandchildren.
Thereafter they will disappear from history.