It will be a busy week involving companies in different lines of business based in different countries. But as different as these companies are, they share common values that Stephanie and I describe in Margin of Trust. These start with the value investing mindset and include rational capital allocation, disciplined acquisitions, long time horizons with ideally permanent ownership, and a belief in the power of autonomy and decentralization. Plus: these four companies have attracted high quality shareholder bases and I always look forward to this time of year to meet up. Stephanie and I hope to see you!
