“I call it the culture bank because whenever a company does the right thing, it sacrifices some short-term advantage for one of its long-term principles. This creates a new asset.”

Inside the Strategy Room · 329. Resisting “financial gravity”: How purpose-driven companies endure

Play from 13:58
13:58

Audio streams from the publisher’s own feed. Verbatim does not host or copy it.

What was described

created a "culture bank" where each short-term sacrifice for long-term principles is recorded as a deposit of trustworthiness

Said nearby on the same subject

“You'll start by offsetting the short-term gains of the short-term losses, and then the long-term gains of the long-term losses”
♫
Said on Motley Fool Hidden Gems Investing
How they work Share this moment
“The idea of long-term stock exchange is an exchange whose listing standards require an adherence to a set of long-term principles. And we have the evidence to show that when companies adhere to those principles, they outperform, they attract more long-term investors, and they get themselves in this virtuous flywheel”
♫
Said on Inside the Strategy Room
Business model Share this moment
“Let's say 5 and 10 on long term and short term in my example should be in dollar terms.”
♫
Said on The Core Report
Pricing 5% long-term, 10% short-term Share this moment
“Most of the capital in the asset management industry is inherently short term, available for redemption on a minute by minute, day by day, or quarterly or annual basis. It's hard to think long term if your investors are going to be judging on a very short term basis.”
♫
Said on In Good Company with Nicolai Tangen
Contrarian take Share this moment

Moments like this, every Monday

The strongest new moments on your topics, in the speakers' own words. Free for three topics.

No card. No password. One-click unsubscribe.

Track a competitor?

Pro watches up to 25 names or phrases and emails you the morning after they are said.

See Pro, $29 a month

Verbatim quotes a short extract and links to the episode; the episode belongs to its publisher. Remove a show.