This week, Steve, Greg and I are in Japan researching and meeting with management teams of various companies. The first thing I thought about when I woke up this morning was that my kids would be off to school. I wondered whether they would be eating oatmeal, cereal or pancakes for breakfast. Then I realized that with the time difference, my kids would be sound asleep right now. As I sat down to a traditional Japanese breakfast, it got me thinking, that despite how different breakfast looks here, the goal of breakfast (both here and at home) is to kick start the day with a nutritious meal.
Just as there are similarities in what breakfast represents in Japanese and Canadian cultures, we are here to learn more about the companies we’ve identified as potential investments and to determine, via our due diligence process, whether they are aligned with our investors. Before we make any investments, we need to fully understand the cultural and contextual elements, ensure that management is aligned, and discover if strong stewardship of capital and a solid growth trajectory is present.
Once we arrive back home and have time to critically analyze the results of our many meetings, we look forward to determining whether any of these companies are suitable for our portfolios. We also look forward to sharing some lessons learned with you.
来週あなたに話します。(Talk to you next week.)