Mallikarjun Yadav

“Herb Kelleher, founder of Southwest Airlines, echoed this sentiment when he said, “You don’t have the time, techniques, or enough drugs to change attitudes.”48”
― Michael Shearn, The Investment Checklist: The Art of In-Depth Research

“If you are having a difficult time understanding a business, ask what the customer’s world would look like without the product or service.”
― Michael Shearn, The Investment Checklist: The Art of In-Depth Research

“Can you think of another business in the world that would continue to exist as a going concern even after it had been proven definitively—as John Bogle of Vanguard proved about the financial industry—that most of its products are vastly inferior to other, cheaper alternatives like index funds? I can’t. How about a business whose most prestigious firms have been caught defrauding their own customers not once, but over and over again? In the normal corporate world, would such a business not only continue to operate, but actually make more and more money every year? Of course not. It would be long dead by now. And yet deceiving its clients and foisting inferior and even fraudulent products on them is exactly how Wall Street stays in business!”
― Scott Fearon, Dead Companies Walking: How a Hedge Fund Manager Finds Opportunity in Unexpected Places

“Lynch called these two mistakes, which often go together, “watering the weeds and cutting out the flowers.”
― Scott Fearon, Dead Companies Walking: How a Hedge Fund Manager Finds Opportunity in Unexpected Places