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Financial Machinations
Leadership2 min read

Financial Machinations

The only reason to undertake such an action is to protect the existing Success Formula. In IBM’s case the company’s most recent earnings announcement (last week) saw earnings increase in North America only 1%.

Adam Hartung · 29 April 2025

Fighting Trends is Expensive – Coke and Mcdonald’s
Leadership5 min read

Fighting Trends is Expensive – Coke and Mcdonald’s

The open question now, for patient investors with a multi-year focus, is whether either, or both, companies are going to go back to long-term valuation growth (meaning they are a buy) or if their value has fizzled (meaning they are a sell)?

Adam Hartung · 29 April 2025

Falling Off the Cliff
Leadership2 min read

Falling Off the Cliff

The pressure became so great Howard was forced to go from public radio (called terrestrial radio now) to pay radio (called satellite radio.)

Adam Hartung · 29 April 2025

Fake-out
Leadership2 min read

Fake-out

the company has not Disrupted any of its old Lock-ins. They have not admitted that the Success Formula is outdated, and they have not attacked any of the Lock-ins keeping the company doing what it has always done.

Adam Hartung · 29 April 2025

Fake Growth
Leadership3 min read

Fake Growth

The signs of a good acquisition are when the buyer says (a) this will change our way of doing business (b) we will operate this in a seperate environment so it can develop its own market approach (c) we will monitor progress and look to adopt learning from this new acquisition in our existing business.

Adam Hartung · 29 April 2025

Fait Accompli
Leadership4 min read

Fait Accompli

The CEO, who over the last few years has watched the company lose market share, see it’s share price drop to a 54 year low (chart here), sold off many of the most valuable remaining assets (like GMAC) and overseen write-offs that exceed the entire market value of the firm is not responsible??

Adam Hartung · 29 April 2025

Facing Challenges
Leadership3 min read

Facing Challenges

This database will have photographs of every home, as well as assessor’s data and the company’s own valuation.

Adam Hartung · 29 April 2025