ywtoh - "I don't mind if FLC takes the time to really work through and minimise all the risks. Case in point: Country risk is one such risk. Egypt is not such a stable country IMO, especially in an unruly region. I really hope the Directors in charge of risk assessment do their jobs and not succumb to short term pressures and turn a blind eye to execution risks, credit risks, technology risks, regulatory risks, counter party risks, supplier risks...etc etc. "
Thoughtful, reasoned analysis ywtoh, as always.
It's my confidence in management not to deviate from their seemingly embedded risk assessment profile / strategy which keeps my capital patiently in place.
Ox like we tread,
hooves rarely misplaced,
the occasional snort disturbs the dust,
as behind us and unperturbed the plough
tills the parched earth, and beckons the rain.
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