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Summary of Scott Fearon & Jesse Powell's Dead Companies Walking
Summary of Scott Fearon & Jesse Powell's Dead Companies Walking
Summary of Scott Fearon & Jesse Powell's Dead Companies Walking
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Summary of Scott Fearon & Jesse Powell's Dead Companies Walking

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#1 I learned the basics of money management from Geoff Raymond, who ran the investment division at Texas Commerce Bank in Houston. He was a very deliberate person, and he believed in human-to-human contact rather than numbers to gauge a company’s future performance.

#2 I was very nervous about visiting the offices of Global Marine, a company I was considering buying. I was worried about the company's cyclical nature, and whether or not I could predict the bottom of a downturn. I decided to wait and buy it on the way up at $7 or $10.

#3 The oil services industry unraveled in Houston in the early 1980s, and utilization dropped from 70 percent to 25 percent. Global Marine’s stock was trading under $1 by mid-1985.

#4 People often learn from history, but only the recent past. They forget that the past is not a reliable predictor of the future. Investors frequently fail to look beyond the recent past, and this has gotten them into trouble.

LanguageEnglish
PublisherIRB Media
Release dateMay 13, 2022
ISBN9798822515574
Summary of Scott Fearon & Jesse Powell's Dead Companies Walking
Author

IRB Media

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    Summary of Scott Fearon & Jesse Powell's Dead Companies Walking - IRB Media

    Insights on Scott Fearon & Jesse Powell's Dead Companies Walking

    Contents

    Insights from Chapter 1

    Insights from Chapter 2

    Insights from Chapter 3

    Insights from Chapter 4

    Insights from Chapter 5

    Insights from Chapter 6

    Insights from Chapter 7

    Insights from Chapter 8

    Insights from Chapter 1

    #1

    I learned the basics of money management from Geoff Raymond, who ran the investment division at Texas Commerce Bank in Houston. He was a very deliberate person, and he believed in human-to-human contact rather than numbers to gauge a company’s future performance.

    #2

    I was very nervous about visiting the offices of Global Marine, a company I was considering buying. I was worried about the company's cyclical nature, and whether or not I could predict the bottom of a downturn. I decided to wait and buy it on the way up at $7 or $10.

    #3

    The oil services industry unraveled in Houston in the early 1980s, and utilization dropped from 70 percent to 25 percent. Global Marine’s stock was trading under $1 by mid-1985.

    #4

    People often learn from history, but only the recent past. They forget that the past is not a reliable predictor of the future. Investors frequently fail to look beyond the recent past, and this has gotten them into trouble.

    #5

    The price of oil collapsed, and people were making big, bold predictions like Enron CEO Kenneth Lay would one day rival behemoths like IBM and Exxon in revenues.

    #6

    The energy industry is as volatile as a live wire, and expecting short-term results to continue into the future is rarely a safe bet. The history of the restaurant industry shows that even popular establishments have to update their menus and decors to survive.

    #7

    The most disastrous case of historical myopia in recent memory is the 1980s oil bust, which was largely

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