Our weekly thoughts and general ramblings about everything related to business – from industries and investments to management and operations.

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Weekly Thoughts: Building a Phoenix

Here is something that caught our eye this week: Building a Phoenix At Chenmark, we aim to own and help support the management of companies that have consistent, durable earnings power.  We focus much of our energy thinking about ways to protect and grow that earnings power, and spend hardly any time thinking about an exit strategy.  While some consider this approach naive – we’ve been told “it’s all about the exit”many times – we see countless benefits associated with an indefinite holding period and spent time this week reading about companies which have endured the test of time – some for multiple centuries. Unfortunately, the first takeaway seems

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Weekly Thoughts: Growing Beans

Here is something that caught our eye this week: Growing Beans Since some of our readers may not be as up to speed on headlines dominating the Maine news, we thought we’d share our thoughts on a recent policy change from our iconic hometown retailer, L.L. Bean.  For the past 106 years until just last week, L.L. Bean provided a lifetime – yes, lifetime – no-questions-asked guarantee on all of its products.  Business Insider explained just how accommodating the policy had been by testing it themselves: “A Business Insider reporter put the policy to the test last year by returning four-year-old shoes with broken stitching.  He recounts

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