Friday, May 13, 2005
Wesco Annual Meeting Notes
Great set of notes from Wesco Annual Meeting, courtesy of 'teabone'. Nothing dramatic here, but interesting comments about China ('we won't have many opportunties there'), nukes ('there will be one in US in next 60 years'), Cort Furniture ('the Enterprise Rent-a-Car of the furniture rental business'), mental models ('you need more than one'), WalMart ('fabulous enterprise'), GM ('never short a company doing $160b of business'), AIG ('Greenberg gilded the lily, but it's no Enron'), and mutual funds ('we have closet indexers, in which case you are being played for a sucker').
