Good question. The presentations I watch are generally those where the company has already come to my attention. So I already own it, or it has cropped up on a filter etc, and I know something about it beforehand. That way investing confidence is supported initially by facts (e.g past profit growth) rather than by my opinion on presentation styles.
I am not put off by poor presenters, but if a CEO can’t get their point across to investors – then you do have to wonder if the same point can get across to staff. The most insightful part of any presentation is the Q&A, for which there is no rehearsed script and management’s reactions to pointed questions can be telling.
I am put off by really slick CEOs, who perhaps have spent more time presenting/promoting their business rather than actually running the show. Sometimes you need to separate the ‘talkers’ from the ‘doers’.
Interestingly enough, the contrasting presentation styles of the two CEOs you mention are complemented by contrasting share-price performances.
One of the shares joined the market in 2011 at c55p but now trades at 24p.
The other joined the market in 2012 at 80p but now trades at 217p.
The ‘droner’ of course runs the company with the better share price.
True, the present CEOs may not be responsible for their entire share-price performances, but the share prices do show how presentation talents may not be entirely indicative of business performance.
Incidentally I watched some of Buffett’s AGM yesterday:
Admittedly he is 90, but his presentation skills are not great and at one point he kept fumbling around for a snippet from the Wall St Journal to prove his point on tech-stock valuations. But you can’t really argue with his record.
Mello is a paid-for service, and unless Mello has already made the link freely available, then best to keep it for subscribers only.