Entity Dossier
entity

Indian Head

Strategic Concepts & Mechanics

Strategic ManeuverLeveraged Buyouts Solve the Owner's Estate Trap
Structural VulnerabilityRaw Land Is the Worst Inflation Hedge
Mental ModelAvoid Catastrophe Before Chasing Growth
Strategic PatternMarket Price Chronically Understates Intrinsic Value
Mental ModelInvest in Your Own Company, Not Tax Shelters
Identity & CultureReturn-on-Assets Incentives Over Profit-Sharing
Structural VulnerabilityGreed-Driven Capital Floods Kill Every Gold Rush
Operating PrincipleMandatory Sabbaticals Prevent Executive Burnout
Mental ModelTake the First Loss or Drown in Ten
Capital StrategyPension Funds in High Cash Flow, Not Stocks
Risk DoctrineBoth-Sides Dealing Invites Derivative Suits
Strategic ManeuverUnrelated Diversification as Cycle Insurance
Structural VulnerabilityNew Capacity Destroys Its Own Price Forecast
Risk DoctrineBrilliant Chairman as Single Point of Failure
Strategic ManeuverBuy Leaders in Small Ponds, Never Minnows in Oceans
Implementation TacticStop the Party While Everyone's Dancing
Implementation TacticOpen-Ended Incentives Beat Capped Payouts

Primary Evidence

"There is one basic policy to which there will never be an exception made by anyone, anywhere, in any activity owned and operated by In- dian Head. That policy is as follows: Play it straight, whether in contact with the public, stockholders, cus- tomers, suppliers, employees, or any other individuals or groups. The only right way to deal with people is forthrightly and honestly. If any mistakes are made—admit them and correct them. Our com- mitments will be honored and Indian Head has the right to expect the same performance from those people with whom it does business. This is fundamental. We will not welsh, weasel, chisel, or cheat. We will not be party to any untruths, half truths, or unfair distortions. Life is too short. It is perfectly possible to make a decent living without any compro- mise with integrity."

Source:How to Lose $100,000,000 and Other Valuable Advice

Appears In Volumes