Earlier in March, we had a lesson in leadership with an Industrial executive giant, Dave…
In early December we had a lively chat with legendary Builder Sir Martin Sorrell of S4 Capital, which we’ve owned since March 2020. Almost as if he wanted to front-run our white paper on value creation coming out later this year, this M&A mastermind discussed the fundamental importance of merging management with the ownership of the company. For someone so good at capital allocation, he spends a surprisingly and significantly larger amount of time thinking about culture over capital.
We’ve put together the best parts of the conversation as it relates to merging the management style with the ownership of the company in the 19 minute video below. In it, he tells the candid story of his discussions with Buffett, and why his approach would have been a natural fit for Berkshire.
After watching the video, if you want to dig in more on Sir Martin’s style and the investment case for S4 Capital, we’ve made our November 2020 research on S4 Capital available on our public research page, which you can view here. While shares have certainly run since we purchased shares, Sir Martin and the S4 team have been compounding fair value very quickly and we remain buy-biased on shares.
This article has been distributed for informational purposes only. Neither the information nor any opinions expressed constitute a recommendation to buy or sell the securities or assets mentioned, or to invest in any investment product or strategy related to such securities or assets. It is not intended to provide personal investment advice, and it does not take into account the specific investment objectives, financial situation or particular needs of any person or entity that may receive this article. Persons reading this article should seek professional financial advice regarding the appropriateness of investing in any securities or assets discussed in this article. The author’s opinions are subject to change without notice. Forecasts, estimates, and certain information contained herein are based upon proprietary research, and the information used in such process was obtained from publicly available sources. Information contained herein has been obtained from sources believed to be reliable, but such reliability is not guaranteed. Investment accounts managed by GreenWood Investors LLC and its affiliates may have a position in the securities or assets discussed in this article. GreenWood Investors LLC may re-evaluate its holdings in such positions and sell or cover certain positions without notice. No part of this article may be reproduced in any form, or referred to in any other publication, without express written permission of GreenWood Investors LLC.
Past performance is no guarantee of future results.