Governance
Visionary or Liability: How to Protect your Portfolio Against Bad Founders
Richard White sold on 43 of the 92 days in the December 2024 quarter. Mineral Resources is down 70% since May 2024. The sell signals were visible first.
Lawrence Lam
Lawrence Lam is the Founder & Managing Director of Lumenary and author of The Founder Effect. He developed the founder-led classification methodology which underpins the Lumenary founder-led indices.
Governance
Four signs a founder-led company isn't worth the hype
Investors confuse charisma for capability. Four observable warning signs, and what WiseTech shareholders could have seen coming.
Evidence
Lessons from the rise and fall of founder-led companies
Founder presence alone does not guarantee success. Three red flags, and what Fastly and Cloudflare reveal about which founder-led companies endure.
Founder interviews
How Gance drives success at Chemist Warehouse
Jack Gance still reads weekly sales reports for every store. Psychological ownership is the invisible driver, and it is why a founder knows the buyers by name.
Evidence
Decoding the DNA of exceptional companies
Value creation is the accumulation of management decisions. What Hermès reveals about bold decision-making, and the three tests of an effective executive team.
Founder interviews
Graham Turner on lessons from 40+ years of Flight Centre, Part 2
How Flight Centre went global, the mistakes Turner learned from, the psychology behind the ‘tribes’ model, and his criteria for acquisitions.
Founder interviews
Graham Turner on lessons from 40+ years of Flight Centre
Graham ‘Skroo’ Turner on the obstacles behind Flight Centre’s rise from a single shop in 1982 to a global business.
Methodology
Applying a capital allocator's mindset to business success in the resources industry
Mining CEO tenure averaged 4.4 years from 2010-2019 while a greenfield development takes 15. Australian LTIs are 36% of CEO pay against 75% in America.
Founder interviews
The rise and rise of Chemist Warehouse
Part two: Jack Gance on competition, expansion, and why a proven model beats an untested one.
Founder interviews
Chemist Warehouse founder reveals his success secrets
Jack Gance on building Chemist Warehouse into Australia's dominant pharmacy retailer. Part one of two.
Founder interviews
Founder Interview: The founder who beat the banks at their own game (Part 2)
Part two: the strategies Barry Lambert used to scale Count Financial, and his view on what makes management effective.
Founder interviews
Founder Interview: The founder who beat the banks at their own game (Part 1)
Barry Lambert built Count Financial from a side project into a business CBA paid $373 million for. Part one of two.