#1
Management Evaluation
"Evaluate management by their actions, not their words. Look for a track record of capital allocation, shareholder communication, and aligned incentives."
Judge management by actions, not words.
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William Gann📌 Business Judgment
William Gann's Business Judgment Rules
William Delbert Gann (June 6, 1878 – June 18, 1955) was an American trader and analyst who developed the technical analysis methods known as Gann angles, the Gann square, and the hexagon chart. He is considered one of the most influential figures in the history of technical analysis. Gann claimed to have made over $50 million from trading during his...
3 principles·Business Judgment
3 Key Business Judgment Principles
#2
Industry Structure Analysis
"Understand the industry structure before evaluating any company. Industry economics often matter more than company-specific factors in determining returns."
Industry structure shapes investment outcomes.
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Capital Allocation Assessment
"The most important skill for a CEO is capital allocation. Evaluate how management deploys capital — do they create or destroy value with their decisions?"
Evaluate management's capital allocation skills.
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What are William Gann's key business judgment principles?
William Gann has 3 key principles on business judgment. The most important one is "Management Evaluation" — Evaluate management by their actions, not their words.
How does William Gann apply business judgment in practice?
William Gann applies business judgment through several key principles including "Management Evaluation" and "Industry Structure Analysis". These principles guide practical investment decisions and have been tested across decades of market cycles.
What makes William Gann's approach to business judgment unique?
William Gann's approach to business judgment is distinguished by a focus on long-term thinking and fundamental analysis. With 3 specific principles in this area, William Gann provides a comprehensive framework that investors at any level can study and apply to improve their decision-making.
