Classic Observer: (Orig Post 7-14-2006) "The Best"; Or the Story of No Delay

If one is an investor, in times of crisis, one quickly learns what the best consists of. Great companies have great products, hire the best people, communicate with quality to their shareholders and even in crisis engage their shareholders. As you may have guessed, these companies are rare.

As far as financial ratings, these companies have AAA S&P ratings. One of the things that one learns in reviewing the profile of millionaires in America, is that is generally these folks buy the best---and they seek the best in quality investments--most are very, very conservative.

When it comes to hiring, one might wonder how to find the best. The news recently gives us a hint. Recently, with the death of "Kenny Boy Lay", the chapter in the largest corporate corruption scandal in America has been laid to rest. At his funeral, which included a visit by former President George H.W. Bush, Ken was praised as being like Jesus as well as Martin Luther King. Some of you out there might wonder what it takes to be extolled at your funeral as being like these celebrated individuals. Now you know.

Quality companies hire quality employees and look beyond hiring relatives and friends. They are open to consultants that will bring them the very most qualified applicants for the job.

So--as I see it---whether it's rigged accounting or rigged personnel selection---both do not add up to the "Best." Make a note of it.