The market capitalization of out-of-favour emerging market bank Standard Chartered (LSE: STAN) soared £2.5 billion in just a couple of days after the announcement of its new CEO, Bill Winters. Can one man really be worth that much? Owain Bennallack dives in…
Is Standard Chartered plc’s New CEO Really Worth £2.5bn?
VIDEO: One Fool puts Standard Chartered plc (LON:STAN) under the spotlight…
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Published Owain is a magpie of the investing world -- and not because he gets into a flap. Almost any style of investing might suit him, depending on the bigger picture, and he's held all sorts of companies. Paraphrasing Keynes, he says: “When the market changes, I change my mind -- what do you do?”
That said, Owain is usually a buyer of equities, where he prefers lightly geared, modestly rated companies, and is increasingly on the lookout for Buffett-style intangible quality. He aspires to buy-and-hold: his best investment ideas are worth much more than he sold them for. Then again, his worst investment went bust due to management fraud!
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