Everyone has their own investment mandate. I admire Alex Waislitz, CEO of Thorney Group, worth a lazy 1.3B. Now starting to invest heavily in the Tech and AI space. A very switched on individual.
His rules...
Six reasons to walk away from a potential investment:
Run by the wrong people
Management focused on promotion, not operation
The financial metrics don’t stack up
A ‘hockey stick’ earnings profile
A lack of uniqueness
The competitive landscape in their industry too strong.
I ran the ruler over ELS for the above...still very content with my risk appetite on this one.
ELS Price at posting:
70.0¢ Sentiment: Buy Disclosure: Held
