pearl of wisdom

I know you guys probably know all this but sometimes we need reminding. An article on Warren Buffet in todays local rag is interesting.

He never relies on spreadsheets in his decision making. He says "the key is to try to read the DNA of the chief executive as they are the chief risk officer for the company. In other words a good chief executive runs a good company and thats worth investing in"

How does CL rank (1) in the early days (2) Following Oct 20

He asks 5 fundamental questions of any investment opportunity including "Is it run by people I admire and trust" " A big mistake is referring to a company as a corporate entity, it is made up of people who make decisions and do the work. Leading the company is a board and executive team who make decisions and guide the business. Often its the quality of that board and executive team which underpins success or failure"

How does the board rank before & after.