A recent paper examines how founder-led and owner-operated companies can achieve long-term business success by aligning incentives. The report highlights six characteristics that contribute to the resilience of these businesses, including a focus on customers and disciplined capital allocation. Companies such as Amazon, Tesla, and Shopify are cited as examples of organizations that have used ownership and vision to create value over different market cycles.
The study also discusses the culture at Counterpoint Global, emphasizing its support for collaboration, creativity, ongoing development, and unique perspectives.
Manas Gautam, Portfolio Manager for the Global Endurance Strategy, is quoted in the paper.
The document includes several risk considerations related to investing. It notes that there is no guarantee a portfolio will meet its investment goals and warns that market values can fluctuate due to various events such as economic changes or natural disasters. Investors may lose money, and certain portfolios could face additional risks like liquidity issues or challenges specific to foreign markets. Investments in emerging markets carry greater risks compared to those in developed countries. Securities that are privately placed or restricted may be harder to sell or value, increasing illiquidity concerns. Derivative instruments can increase losses and affect performance due to counterparty and market risks.
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