Interview with Christer Gardell - Handelsdagarna 2018

[@mahdi5796]

thank you. please upload more of such interviews.

[@Unknowledgeable1]

Notes: 22:34 '100% above' - certainty. Fighting battles you know you will win beforehand. No uncertainty. He 100% believes that the share price of a company should be higher than it currently is? 3:39 - 'the width of the industries that I've been working' + 'structured problem solving in a fast paced environ.' 9:42 - fixing up a culture where 'loss' is acceptable. 'Loss' as in the opposite of profit? 'you argue based on facts' 'you need to absorb facts' 'be pragmatic' 'if new facts mean you need to change the way you thought about an issue, then you do that' 9:46 critiquing plans 11:45 What a nice track record: only 2 investments with negative returns 3:09 what management consulting was like in the past 7:58 You need to be able to make tough decisions. Regarding these decisions that Christer is talking about, what makes them "tough"? Pre 9:44 On why it is never good to let a business division keep losses going on for too long 10:30 How to think like Christer 11:35 An example of Christer learning from his mistakes; his good reflection; good self-accountability, no blame game. Talks about a failure to foresee future issues that should have been foreseeable. 12:10 13:17 the days of conglomerates are over. Also c.f. conglomerate wikipedia 13:50 we like to invest in conglomerates because they always underperform, and what is done to them - incentive systems - it's like Christer is making businesses more organised. He is organising them. 14:10 • 14:30 inevitability • 14:48 "restructure" meaning • "all over the place" 17:00 CSR has an impact on SV. Not mutually exclusive. 17:45 18:24 19:29 Mckinsey 20:14 Christer as a student 21:54 we put more focus on the intrinsic qualities of a person. I wonder what these intrinsic qualities are • 22:30 pragmatic, epistemology, independent thinker (ability to hold your own well-reasoned opinions, Ti) • analytical integrity means true analysis • 22:40 the current market share price is by definition what is generally perceived as the truth. Christer has used his reasoning abilities to identify companies that can be of much more value (intrinsic value) than is generally perceived. • 22:59 This is probably because their analysis isn't convincing enough to them. Analytical skills aren't good enough • "analytical self confidence". I think self-confidence comes from good analysis, not the other way around. Confidence before analysis can lead to biased insights and sloppy thinking. Careful not to mix up the order. The ability to analyse something enough until you can become confident (with whatever conclusion/s you have) • important principle: generally accepted does not make something true. Do not confuse the two