What were the unexcellent companies in Dr Wealth's presentation involved in (sector wise)? Is it accurate to dismiss good management entirely, rather than acknowledging it accounts for an important minority in asset allocation? - Seedly
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Anonymous

Asked on 07 Jul 2018

What were the unexcellent companies in Dr Wealth's presentation involved in (sector wise)? Is it accurate to dismiss good management entirely, rather than acknowledging it accounts for an important minority in asset allocation?

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Alvin Chow
Alvin Chow
Level 4. Prodigy
Answered on 11 Jul 2018

It depends on your strategy.

A deep value strategy like net net where you pay a fraction for the assets, management is not important.

If you buy a founder-led company or an A-grade stock, the business viability and prospect is important, and hence management will play a bigger role. The trap is that investors do not have the ability to discern this properly but they think they know a lot.

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