How Brilliant Managers Still Make Shareholders Poorer : The Good Investors %

There are capital allocation mistakes that even the smartest management teams commit.The primary role of management in a company is simple: Provide shareholders with the best rate of return. This requires operational excellence, profitability, and most importantly, the prudent allocation of capital.Reaching the helm of a listed company is the pinnacle of professional ambition for many people, and therefore only the very smartest people in the world are selected to be leaders of listed companies.Yet despite ...