This article is excerpted from a letter by MOI Global instructor Michael Shearn, portfolio manager of Compound Money Fund, LP.
Sometimes the best questions are the hardest to answer. I was having lunch recently with a friend who works in the investment business. We started talking about one of my favorite topics: the benefits of investing in businesses with highly engaged employees. Ever the contrarian, my friend started listing successful businesses that do not meet my criteria for a great culture and yet are undeniably customer oriented – companies like Danaher, Colfax, and Middleby. Their cultures are often described as ruthless. Middleby, which is probably best known as the owner of high-end kitchen brands like Viking, is a highly decentralized business that relies on financial incentives to motivate its employees.
Members, log in below to access the restricted content.
Not a member?
Thank you for your interest. Please note that MOI Global is closed to new members at this time. If you would like to join the waiting list, complete the following form: