Long term plans
The second purpose of contact with the management is to have management tell you their long-term strategy. Most of the time it’s a bunch of nonsense. Running any business is mostly a matter of trying to see and size opportunities. It’s not a matter of having a long term plan. If it were a matter of having a long term plan, the Soviet Union would not have dissolved.
Jean-Marie Eveillard
Jean-Marie
Eveillard is a French international investor who currently serves as the
senior investment adviser to First Eagle Funds.[1] Eveillard, who
served more than a quarter century as a portfolio manager, was co-honored in 2001 by
Morningstar,
Inc. as "Stock Manager of the Year" and was a finalist for their 2009 "fund
manager of the decade award for non-U.S. stocks". In 2003, the group gave him a
"Fund Manager Lifetime Achievement" award.
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