June 29, 2026

Investment Process: Management and Board - Part III

This post is the third in a series, following Management and Board – Part I and Management and Board – Part II. As a reminder, the objective is to highlight a few underappreciated governance features that I have found particularly useful when evaluating management teams and boards—and determining whether they are the right long-term stewards of shareholder capital. These should be interpreted as indicators rather than definitive conclusions.