new thread, page-191

No need to try and own everything.
Superior business models run by highly skilled and ruthless managers are to be supported. Take GE for example, how many analysts have been crying for the company to be broken up? And for what reason? Short term view and the cry that LBO's can manage better! The Harvard Business Review (HBR) in its monthly article magazine does compare LBO's against the likes of GE and investment conglomerates such as Berkshire Hathaway. Interesting read, and it all comes down to the strategy. LBO's buy to sell, thus allowing greater returns and management that can act and make tough calls to 'trim the fat' so to speak.
The GE model is one to be embraced by Wes, ignoring the f00ls who get caught up on near term benefits v long term returns need to understand the business and maybe read up on Jack Welch and our very own Micheal Chaney.