I’d disagree. As investors we learn that a stock is not just a ticker or a lottery ticket but an actual company with a business. But to take it further, a company is just a vehicle run by some people(management) to create value for other people(shareholders). So listening to the ultimate beneficiaries of the company makes sense to me.
Another way to look at it is that investment is done via 2 broad methods, quantitatively and story. What we discuss in this forum most of the time is quantitative, this AGM highlights the other side(after VV’s ppt). Why markets like/dislike the company. And not to get all mushy here, but it does have its learning. Fox example, a person opined why do we hire Bachchan? I disagree with his opinion but yeah it raises a valid quantitative question as to how does the company track the effectiveness. Another one, is the one with his friend. A very touching meetup. It’s possible his friend was a plant like at a magic show. But if true (which I believe it was), pointed out how VV gifted his cycle to an office boy in college days. If that doesn’t reinforce VV’s character which in itself is a force for the bank (though unquantifiable), I don’t know what does.
The reason we stick to numbers is to be objective but in my experience a truly objective person takes even subjective data but analyzes it objectively. At least that’s how I treat it. Ingest data, clean data, understand data. Make decisions.
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