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Watch out! There may be a negative selection bias here.
You only see the founder-managed companies that have decided to float their equity on the stock market. Why would you voluntarily share your future profits with others and go through the regulatory hassle?
These are probably companies that needed capital at some point, but did not get reasonable conditions from the banks.
The better companies don't need an IPO and therefore don't appear in it 😉
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@PowerWordChill Very interesting point of view.

Rossmann
Würth
Aldi
Red Bull

makes sense 👀
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@PowerWordChill
But of course the German Mittelstand is supported by all the family businesses that are not listed on the stock exchange.
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@Tenbagger2024 I have not claimed anything to the contrary... 😅
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@PowerWordChill laugh. Of course you're right with that argument. The post only had a "prelude" and was about listed companies that are founder-managed and whether they perform better.

It would be interesting to know whether there is also an index on American family businesses. Unfortunately, I haven't found one. There should actually be something like that, since the idea itself is not new!
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