Like company culture, a visionary leader doesn't show up anywhere on the balance sheet. However, this is one of the most important things you can look for when trying to identify a great investment.
So much of Wall Street is about looking for patterns, comparative analysis, and historical data. Visionary leaders are about breaking the pattern. Visionary leaders are incomparable.
Visionary leaders can take businesses to heights never dreamed of before.
Steve Jobs was a divisive figure. Some call him the Leonardo Da Vinci of our time, others think he was just a master marketeer; either way, Steve Jobs changed the way in which all of us interact with technology. During his second stint at Apple, the stock rose over 2500%.
Jeff Bezos left a high paying job at a hedge fund to start an online bookstore. Through constant innovation, he has grown that idea into the e-commerce giant that is Amazon.com. Bezos was an earlier adopter of 'predictive analysis' - using our search history and buying habits to recommend products. That alone has transformed the way we utilize the internet.
Kevin Plank started selling sports apparel from his grandmother's house in 1996. Twenty years later, Under Armour is the second largest apparel retailer in America.
When you invest in a company, you're betting the people in charge are going to grow your investment.
Before investing in a company, do a little research into the CEO. If that person was to personally approach you and ask to invest in their latest business venture, would you hand over your hard earned money?
Some of the greatest innovators and thinkers are currently running publicly traded companies. With people like Bezos, Plank, Zuckerberg, Buffett and Musk to choose from, why settle for anything less than the best.
MyWallSt operates a full disclosure policy. MyWallSt staff currently holds long positions in companies mentioned above. Read our full disclosure policy here.
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