Yesterday, I wrote about narcissistic CEOs and their negative impact on company profitability and share buybacks. I also told you about a simple way to identify narcissistic CEOs. Just look at the size of their signatures. But what about the people most of us entrust with our investments: fund managers?
Very interesting post. A caveat: I love the plural pronoun. I admire Buffett for giving away credit. I'd far prefer to share credit than making colleagues happy by paying them more. But whenever I use plural pronouns, the legal suits jump all over me. They want me to write (this is my unofficial stuff -- personal https://valetudo.substack.com and investing but not hedge fund letters https://seekingalpha.com/author/chris-demuth-jr) with singular pronouns only to emphasize that I speak on my own behalf and not on behalf of my firm unless it is something they have reviewed. I totally dislike the tone as it feels like stolen valor for thoughts that are rarely 100% mine and are instead almost always derivative of a group discussion. Perhaps other HF managers have been given the same legal advice on plural pronouns assuming more liability than singular. Or maybe we're just all narcissists!
Very interesting, I missed your post on signatures and CEOs and am making sure that mine tends to the microscopic in future...
Very interesting post. A caveat: I love the plural pronoun. I admire Buffett for giving away credit. I'd far prefer to share credit than making colleagues happy by paying them more. But whenever I use plural pronouns, the legal suits jump all over me. They want me to write (this is my unofficial stuff -- personal https://valetudo.substack.com and investing but not hedge fund letters https://seekingalpha.com/author/chris-demuth-jr) with singular pronouns only to emphasize that I speak on my own behalf and not on behalf of my firm unless it is something they have reviewed. I totally dislike the tone as it feels like stolen valor for thoughts that are rarely 100% mine and are instead almost always derivative of a group discussion. Perhaps other HF managers have been given the same legal advice on plural pronouns assuming more liability than singular. Or maybe we're just all narcissists!