Quote of the day by Lou Simpson: "One of the things I have learned over the years is how important management is in building or subtracting from value"

Legendary investor Lou Simpson emphasised that management quality is central to long-term investing success. Effective leaders allocate capital wisely, execute strategy, uphold governance and create shareholder value, while poor leadership can erode competitive advantages and weaken even fundamentally strong businesses.

Raccontata daeconomictimes.indiatimes.com