Bad directors rarely become good directors Richard Crowe (aka the Cockney Rebel) I listened to an excellent podcast recently on PI World with well known investor Richard Crowe a.k.a. Cockney Rebel. He has developed a specialism in buying shares in turnaround situations. In the course of the podcast he talked about several companies which he has invested in recently and how the common denominator was good management. It is a truism that if a company is well run then the cards are stacked in its favour. Conversely bad management means that any company, however great its ideas, will have an uphill struggle if it wants to succeed. To quote a rather memorable phrase from investor Nigel Wray, a fish usually rots from the head . So what makes a good manager? Warren Buffett has spoken extensively about this. He wrote about Tom Murphy of Cap Cities- such an example: I mean, no one had either the ability -- no one could top his ability or integrity, in terms of the way he ran Cap Cities for
Reading brings knowledge and knowledge is power; therefore reading is power Emma Chase One or two people I've been speaking to recently have asked me for advice on how to get started in the world of share investing. I wrote my story back on 15 February 2020 , giving an overview of how I got into the interesting world of trading and investment in shares*. The key to it (and it is really unavoidable) is reading. The good news is that there are a lot of great books out there to choose from. With the Internet you can supplement your diet with podcasts, blogs (like this) and even YouTube videos however in my view there really is no substitute to learning from some great investors by reading. I've included links below mostly to Blackwells in Oxford (one of my favourite places in the World). You may find the book cheaper on Amazon or eBay who both offer second hand editions. However I am a fan of Blackwells as they offer an excellent range of investment books, many of which you ca