

Glenn D. Surowiec
- Dec 1, 2022
Missionary vs. Mercenary Leadership
Q: The essay “How GDS Invests” explains the thought process behind curating a value-driven investment portfolio. One piece of that process is asking, “Are the company’s leaders missionaries instead of mercenaries?” What does that mean? Value investors prioritize long-term value over short-term gains, and we want business leaders to share a similar focus on long-term versus short-term. I think of a mercenary-type leader as someone who tries to do something very quickly, often
9