Keeping Capital and the Enterprise in Close Proximity

by Michael McConnell
If you think about where the corporate system has fallen down in the United States, it’s when the actual capital has gotten too far removed from the enterprise, and the agency relationship between owners and management has gotten so broad and wide. That’s when you have disconnects or conflicts of interest. Everything we do tries to shrink the distance between the capital and the enterprise.
Source: http://www.valueinvestorinsight.com/