Okay, we took a pretty long vacay – about six months or so. We thought we had said everything we needed to say, but no. There’s more. So here we go again.
Just had an insight today that really needs to be discussed. Remember some of our very first advice regarding how an individual investor should go about picking stocks? “Know the CEO.”
This is also good advice for picking a bank. You already know your accountant (if you are not doing your own books, which IFO recommends), your lawyer and your doctor. Why wouldn’t you want to know the other professionals responsible for your financial and physical well-being?
Today, we saw a photo of the kind of person we wouldn’t mind doing business with, if other factors checked out – honesty, experience, etc.
“A new Houston energy company focused on terminals and storage is forming with the financial backing of a top New York-based global private equity firm. Warburg Pincus LLC is leading a $600 million investment to support the formation of Zenith Energy in Houston…”
Do you think Mr. Seon knows what he is doing? He certainly looks like he does.
OTOH, the man on the right – what do you think? Same/not same. The point here is to learn from faces and context, no matter what ethnicity.
Was going to give examples of other ethnicities, but got bogged down in noticing other things. IFO leaves it to the reader to do her own googling – try Black American executive, American executive. Notice most Black Americans, whether models or real executives, are smiling. Most European Americans are not smiling.
The smiling Black American execs look friendly and trustworthy. The Black guys not smiling look as if they are stifling a smile in order to look “executive.” Will Smith was a good example.
Smiling Euro-Americans execs look just dumb, simple-minded, not serious, not A-level.
Non-smiling Euro-American exec types look like competent, down-to-earch, get-things done types. You mainly find non-smiling Black Americans in the entertainment pages – rappers, etc., doing their best to look dangerous…and succeeding.
So, to repeat this important point: Know your CEO!