November 26, 2012
Alan See
“In Search of Failure.” That’s the title of chapter seven in Frederick Reichheld’s book The Loyalty Effect. In that chapter, Reichheld points out that an investor who built a stock portfolio out of the companies profiled in the book In Search of Excellence (Peters and Waterman) would have seen their returns trounced by the mediocre performance of the S&P index during the ten year period following the book’s 1982 publication....