Henrik Andersson serves as Fund Manager at Didner & Gerge.
William Thorndike has done the world of skilled but less-than-flamboyant-CEOs and long-term investors alike a massive favour. Via eight years of painstaking research in collaboration with Harvard Business School students – one year per CEO/company studied – Thorndike has written a reference book for measuring and identifying outstanding CEOs. The simple approach behind the book is both its beauty and beast; by screening for U.S.-based managers whose 1) total shareholder return was higher than that of the poster-boy of great CEOs, Jack Welch (GE) and 2) did it over a longer time frame. This dual herculean demand of 20,9 per cent annually over a minimum of twenty years weeded out all but eight CEOs. The Outsiders bring you the stories, common traits and lessons from these truly outstanding leaders.
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About The Author: Henrik Andersson
Henrik has worked within a framework of investing in quality franchises in a concentrated portfolio setting since the early 2000s. After five years as an assistant fund manager and analyst at Handelsbanken Asset Management, in 2003 he launched a discretionary portfolio named European Quality with 15 holdings, inspired by Peter Cundill's approach of “never shoot into the broom”. That later branched out to a family of funds named the Selective Funds. In 2011 he joined Didner & Gerge, an employee-owned asset management boutique, to launch a Global Equity Fund together with a colleague. D&G Global is now applying the same principles they have used for over a decade in trying to identify sustainably great companies with an appealing valuation starting point. Over the years, an increased emphasis has been put on corporate leadership with a clear preference for owner-operated companies with a history of outstanding operations.
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