Three quotes last week made us think – optimists’ hats secured with some extra jerry-rigging just to be sure – some fundamental change is afoot. #1: Management of the Sequoia Fund, one of the longest running and most successful fundamental value equities fund in history – it got started with some Buffet influence – sent…
Social License to Operate
Social License to Operate
May I see your social license to operate?
Recently, a few pharmaceutical firms seem to have overstepped the unwritten boundaries of their social licenses to operate. Turing Pharmaceuticals and Valeant in particular have attracted the ire of Democrats – and also more formally a subpoena by US prosecutors – after raising prices of critical drugs those firms own by staggering amounts. Neither firm…