Quote:
"The number one risk factor, you never see it, the number one risk factor is that this business gets the wrong management, and you get a guy or a woman in charge of it that are personable, the directors like them, they don't know what they're doing, but they know how to put on an appearance. That's the single biggest danger,"
Most definitely and perhaps this answer the question in my other posts why shareholders tend to 'expect' dividend payments from the mgt team / directors of the company. Perhaps it could be many decades of failed managements of NZ listed companies that it's kinda painted the investment area that it's probably not such a bad idea to get some form of payment than risk losing 100% of the investment.