Hints and tips:
...“I’m very happy to take the mickey out of myself about things that I don’t know, like I’m not very good about finding my way around an Excel spreadsheet....
...Mr Ruane was Deutsche’s head of corporate M&A and part of CEO Christian Sewing’s inner circle....
...Although he had worked in that unit before, Mr Neff had never done a front-line investing job himself....
...“I don’t mind when a salesperson contacts me personally from the stores where I’m a client, but that’s because I gave them my information,” says Adrianne Joseph, a customer at the LVMH-owned department store...
...Sell: Mitchells & Butlers (MAB) Given the backdrop, we feel M&B chief executive Phil Urban has his work cut out....
...“I’m going to abide by that [the non-compete clause]”, he says. “If they want to reach an agreement with me it’s fine, but it looks like they don’t want to.”...
...The logic behind this test, which draws an approach advocated by another famous American fund manager, John Neff, is that sustainable EPS growth must ultimately be supported by sales growth....
...The fact that fiat currencies are similarly use-less is irrelevant: I’m not defending them....
...“I’m not sure they’re reacting to price, as much as environment…Price is not the issue. We’re selling a great deal of expensive merchandise throughout the company....
...“When I talk to many CEOs, most of them would say, ‘I feel pretty good about my business but I don’t like what I’m hearing and seeing’,” the Cisco chief says....
...We were selling a piece of paradise,” says Christina Neff, a real estate agent with Michael Saunders in Siesta Key. “Flippers are behind what is happening.”...
...Neff and James M. Citrin Crown Business (Random House) $25 This is an intriguing and slightly terrifying book....
..."I've been here 20 years so I'm not Belgian, I'm a Heineken man," he says, a bit spookily. Where now for the departing Ruys? Well, one of his pet projects is the restoration of a farm in Tuscany....
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