I just saw this tweet from a guy I respect a lot: twitter.com/yliownyc/statu...
Who am I to disagree with him, but when he says "less than 1-2 years don't even bother thinking abt it" ("it" being the management), I'm not sure I agree/understand. Especially in the microcap arena.
What do y'all think? Is quality of management an important criteria for you irrelevant of time horizon, or do you only consider it for long-term investments?
It all depends. Some plays that are 1-3 years might not fully rely on management but catalyst being an event that get stock re related with our any intrinsic change so to use @investmenttalk Conor’s example $MGM or for me $FF didn’t really need management but time
for company like $IAC or $OZK management is everything for a success of long term because when you know management will do the right thing it is easier to hold later on during turbulent times
Love this guy, just watched his presentation at MicroCap Summit.
I would agree here mostly, but depends on the bet you are making. With positions like $MGM that I took back in April 2020, I probably spent the least time on management. My plan was to sell in 2-3Y, but price action recovered way sooner than I planned, and sold within 12 months for over 100% return.