Business Stoicism
This from the latest Contract Journal:
“Keepmoat, the social housing specialist group, changed hands in August 2007 at the peak of the market when its founders, Dick Watson and Terry Bramhall, sold the group for £780m to the HBoS bank.
Today Keepmoat is worth 40%-50% of its value a year ago, suggesting that £400m has simply evaporated.
So do Keepmoat’s buyers now regret their move? Their answer is ‘no’.”
Stoicism, even in these more emotive times, is still a virtue. But, even in business, it doesn’t change the score.
