Weekly Thoughts: Fat or Strong?
Here is something that caught our eye this week: Fat or Strong? As we kick off the New Year, our portfolio companies are beginning to execute on their 2018 strategic plans, which, as one might expect, focus in part on various growth opportunities. From a traditional financial perspective, growth is always good, and more growth is "more good," period. Given our experience owning and supporting the operations of small businesses at Chenmark, our perspective has become more nuanced. We have come to realize that growth can be fickle – it can provide tremendous rewards, but if managed imprudently, can destroy