2023-05-31 16:58:21
“The boss entered the meeting room and, without saying a word, immediately got down on his knees, pretending to pray, humorously asking us to excuse him for his mistakes.” In twenty years spent investing in small listed companies, Philip Best and Marc Saint John Webb have had their share of anecdotes and colorful characters like this Italian business executive (eventually forgiven, even if he had no not improve his company’s balance sheet, as the two financiers demanded of him). The two managers from Geneva look back on their tribulations in the world of European microcaps, where stock prices move very quickly up or down, and where quality information must sometimes be obtained by indirect means.
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