We are in the business of buying, fixing, and selling. We are managers and owners as much as we are investors. We try to improve the companies we buy and help them grow faster. The faster a company grows, the more someone else will pay for it. The perceived problems arise when we buy a company that is poorly managed and we have to fire people to make room for better ones, or change strategy. Even once we’ve improved the company, grown it, and hired more people than it ever had before, the people we fired tend to stay angry at us and become our critics.
