On Wall Street, I was a partner in a relatively small, but highly regarded, money management and institutional research firm. In December of 2022, the founder and managing partner passed away at the age of 96. My last lunch with him was shortly before the onset of the pandemic. We ate in his office; he was mentally sharp while struggling a bit physically. We had kept in touch over the thirty years since I left the firm to initiate my education foundation endeavors.

Back in the day, as we would pore over all the facets of a company and its top executives, it became evident that there was a personality and process profile worth noting. I put together the following succinct list. It should be apparent as to our preference.

Long studies                       Short memos

Fluff                                       Facts

Egotistical                            Self-deprecating

Spender                               Innovative capital expenditures

Average Health                  Physically fit

 

Spread out                          Concentrated

Gourmet                              Simple eater

Speechmaker                     Questioner

Long Answers                    Short

Imprecise                             Articulate

 

Conceptual                         Concrete

Earnings                               Cash Flow

Methodical                         Energetic

Serious                                 Engaging

Staff                                       Individual

 

Overhead Money             Product and marketing money

Calculus                                Simple math

Growth                                 Wealth creation

Manager                              Owner

Philosophical                      Numerical

 

Fuzzy Pay                             Big incentives

Small Talkers                       Business talk

Political                                 Direct

Flashy                                    Conservative

Reward                                 Risk

 

Even with the advent of social media and the centrality of TechnoWorld, the list above seems useful. As Warren (you know his last name) says, investing is not like baseball where three strikes and you are out. With investing, you can wait, sometimes for a lengthy period, until you find the people and company with whom you want to be associated as a long-term shareholder.