The Steward
Legacy, values and the long now, leadership as care and continuity.
Sir Chris Hohn emerges in this interview as a quintessential Steward, someone who frames both capital and resources as held in trust rather than owned. He explicitly states he considers himself a custodian, not an owner, of his wealth, and this orientation shapes every dimension of his leadership.
“But I realized I was playing bad businesses long ago like AB and Amro, putting up for sale. Through putting on the AGM an oat to sell the company. And we made a lot of money. We made a billion dollars forcing the sale of it.”
“Depending on valuation, not necessarily, or not necessarily at a fast rate. And growth can come from two forms, volume and price. So you have to break it down. Now, why isn't growth as important as people, investors usually assume it to be?”
“So I think to be a good investor, you need a certain independence of thought. Probably to be a good journalist as well. And that's why the funny thing is the fraud was there in plain sight. And I think... Learn to be an independent investor. And so we went to see the CO.”
“But if I own an airport that is or a toll road, let's take a toll roads that are unregulated, which there are some that we own. I'm less likely to be wrong than if I own a retailer. My chances of being wrong are list because I have physical asset backing, substitution risk.”
Money Maze Podcast: “Investing & Philanthropy - With Sir Chris Hohn, Founder, TCI Fund Management & CIFF”
LISTEN AT THE SOURCE ↗THE RECORD IS CHECKABLE