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True Grit

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March 11, 2011 – Comments (4)

I recently found this Fast Company article, Why True Grit Matters in the Face of Adversity, very inspiring. The psychological underpinnings of what characteristic -- here described as grit -- makes a winner was fascinating, and it can be applied to a lot of different areas of life.

In my column today, I jumped off this concept to discuss shareholder activists who have tirelessly carried on trying to get solid corporate governance policies in place at public companies. I'd say they have true grit. I think the concept can be applied to other areas of long-term investing, too, such as the spirit of knowing that a high-quality company is one to hold when everybody's running for the exits on some short-term bump. And so forth...

Have a great weekend, Fools. 

4 Comments – Post Your Own

#1) On March 11, 2011 at 3:47 PM, L0RDZ (78.57) wrote:

I keep recallin that golden response John Wayne retorts in true grit when that one outlaw tells him thats bold talk for an one eyed fat man.

"Fill your hands you son of a ~~ you know what for the squeamish.

 

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#2) On March 11, 2011 at 3:51 PM, TMFLomax (46.97) wrote:

L0RDZ

Yeah, that's awesome! That's the only version I've actually seen. Loved that movie!

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#3) On March 11, 2011 at 6:24 PM, catoismymotor (< 20) wrote:

Alyce, I look forward to reading your article. When you have a chance check out the new version in theaters. I enjoyed it immensley.

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#4) On March 11, 2011 at 7:15 PM, TMFLomax (46.97) wrote:

Thanks Cato, and thanks for the comment on the article! And yeah, I need to check out the new version in the theater... I have heard it's good and I'm glad to hear another recommendation of it! Have a great weekend!

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