- Management has never been into any corporate governance issue so far & sounds so clean that it may never get into any corporate governance issue in future too.
Since the debate on 'What is quality' is never ending, here is a thread on few points that I feel useful in judging if the company is a quality company or not.
Have a look at the entire thread & please add more useful points from your end.
Please RT for wider participation.
- Management has never been into any corporate governance issue so far & sounds so clean that it may never get into any corporate governance issue in future too.
- Besides corporate governance & beyond the company, management has never been into any wrong doings in the public domain, viz. any fraud or criminal activity.
- Management doesn't come too often on media, into investor meets, meet 1-1 with investors.
Such management focus on business rather than investors.
- Management doesn't grow business too aggressively.
Conservative management with a milestone based approach helps better in long run.
- With the ageing of management, there is a visible succession plan.
The next generation entrepreneurs, either from family or outside, should be aligned well with the company objectives.
- An untimely acquisition, expansion to excess capacity, expanding into areas of less expertise, expanding into over crowded geographies.
If management doing any of these, needs to be understood deep.
Management should not be over confident.
- Growing the company at the cost of debt may not work always.
Management should be efficient in containing costs & managing debt.
Debt free companies with reasonable promoter stake & zero pledging are safe & sound.
- Management should be stakeholder friendly.
There should be respectable dividend payout out of the profits.
If any unforeseen accident in company, employees should be well taken care of and Business customers should be well informed.
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So the cryptocurrency industry has basically two products, one which is relatively benign and doesn't have product market fit, and one which is malignant and does. The industry has a weird superposition of understanding this fact and (strategically?) not understanding it.
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.
If everyone was holding bitcoin on the old x86 in their parents basement, we would be finding a price bottom. The problem is the risk is all pooled at a few brokerages and a network of rotten exchanges with counter party risk that makes AIG circa 2008 look like a good credit.
— Greg Wester (@gwestr) November 25, 2018
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.
