"I also recall discussion about the great results and the supremacy of management - none of which have been disproved."
95% of the waffle on these threads is ultimately irrelevant noise. Especially when things are all rosy and sales of glear gloss spray cans is high.
Here are Reece's core values..
Keep it simple and be humble.
And I am glad the CEO is leading these core values. To me this is demonstrated in the closing sentence of his AGM statement...
In other words, our stong results were driven by the macro and our people. The macro will be a challenge in 2023, etc.
So there is the humble truth. Macroeconomic variables drive this business just as much its people and teams control its destiny. Investors who ingnore the macro are ignoring a key driver of the business.
Humble and simple truth. No BS. Good stuff Peter.
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