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Kilkenomics 2018 — will anyone challenge traditional economics?
“In the short run, the market is a voting machine but in the long run, it is a weighing machine”
These words are from Benjamin Graham, author of “The Intelligent Investor”, who I referenced just the other day in “Patience, Venture Capital, Buffett and Kipling”
The other day I also saw a tweet by my friend, the brilliant and impassioned and purposeful economist Marla Dukharan:
https://twitter.com/Marladukharan/status/1056527561075945472?ref_src=twsrc%5Etfw
“We are what we measure” is an old adage, so today let me simply reflect on one answer to Marla’s question, anchored by the latest Harvard Business Review report on what they call “The Best-Performing CEOs in the World 2018”
Let me also note that it takes a brave leader to buck that status quo. One such CEO (who I won’t name here) in the UK has just been unceremoniously dumped by their organisation for what I believe is the sin of choosing to lead their firm in the direction of being about more than short-term profits for their owners, but instead being of broader worth to their stakeholders and broader society.
If you lead an organisation, please take a look at this analysis below, then consider my closing thoughts and ask yourself how you will measure yourself.
I said about the HBR article “what they call” the best performing CEOs, as once again “we are what we measure” and the business world keeps…