The Editor’s Desk: Steinhoff, Metro Bank & the dangers of scandal
DUBLIN – Investing is a long-term game, and when investors like Warren Buffett buy, they buy to hold. Yet even Buffett is willing to walk away sometimes. In particular, Buffett doesn't like a scandal. As the man said, it's never just one cockroach – scandal has a way of breeding more scandal, and even the most successful businesses can fail when things start to go wrong. Alec Hogg embraces this philosophy, and some of the companies that have been included in the Biznews portfolio have been dumped over the years when scandals broke. In this episode, Alec and I discuss this strategy and how it has worked, looking at companies like Steinhoff, Metro Bank, and Facebook. We also look at some of the big themes that emerged from this year's World Economic Forum (WEF) meeting in Davos and how the tech industry is changing as regulators wake up to data and privacy threats. – Felicity Duncan
Hello and welcome to this week's episode of The Editor's Desk here on BizNews Radio. I'm Felicity Duncan. With me, BizNews Editor-in-Chief Alec Hogg.
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