Hello Jason
Just catching up on this post - there is one thing mentioned called high conviction investing that caught my attention mainly because I recently met a portfolo manager who has been very successful at doing just that - investing in high conviction companies.
In my career as a management consultant I have had the good fortune of looking at companies from the inside - the best way to summarize this experience is that in most companies the bulk of the IP walks out of the door every evening.
From an investor's point of view this seems like a tenuous way of predicting the future value of the company five or ten years from today (think Kodak or Sony or many of the names of the past that have seen their best and brightest walk out).
When you have some time please let me know which company (ies) truly value their employees (some tech companies do but Steve Jobs was fired from Apple).
As we get close to the annual hoopla called performance reviews perhaps we should pause to rethink, as investors, are their employees really engaged or is this HR hype?
I have had the experience of running into your watch touting executive more times than I would have liked so I think high conviction investing will only work if the investor is actively involved in the management of company, not at the board level (as is the norm) but having eyes and ears on the shop floor.
My two cents for the cause.
And a pleasant long weekend to you
Savio