Nov 18, 2022·edited Nov 18, 2022Liked by The Rational Walk
I assume Kierlin offered his share at an option price, so he was effectively setting a sale price to be realized when the options were exercised. He had, in effect, given away the appreciation value of the shares.
Excellent. Great read and a valuable perspective. You are absolutely correct in pointing out that media love to hype someone mindlessly only to revel like hogs in a slop pit in their demise. One (of many) reasons I stopped consuming them decades ago. This is a very good antidote to the SBF hysteria.
Love this article, and it's a refreshing read after the past week of can-this-debacle-get-even-worse? I didn't know about Fastenal and will read more about the company. Kierlin's approach is a great example of employees first, then customers, then shareholders creating a virtuous cycle. I wonder if there are any employee turnover statistics from that time period.
thanks for this motivating and positive point of view
Thank you for the interesting read!!
I assume Kierlin offered his share at an option price, so he was effectively setting a sale price to be realized when the options were exercised. He had, in effect, given away the appreciation value of the shares.
Excellent. Great read and a valuable perspective. You are absolutely correct in pointing out that media love to hype someone mindlessly only to revel like hogs in a slop pit in their demise. One (of many) reasons I stopped consuming them decades ago. This is a very good antidote to the SBF hysteria.
Such a pleasant read!!
Thanks for this. I needed that!
Happy Thanksgiving. :)
Love this article, and it's a refreshing read after the past week of can-this-debacle-get-even-worse? I didn't know about Fastenal and will read more about the company. Kierlin's approach is a great example of employees first, then customers, then shareholders creating a virtuous cycle. I wonder if there are any employee turnover statistics from that time period.