The Ownership Edge: How Management Skin in the Game Creates Asymmetric Returns

In his latest analysis for "The Future of Investing," Andy Hamer examines how management ownership creates significant advantages for long-term investors. The article explores the optimal range of insider ownership, distinguishes between different types of alignment, and provides a practical framework for identifying companies with genuine skin in the game. Using examples including RH, WWE, and Brookfield, Hamer demonstrates how aligned ownership enables superior capital allocation and longer decision-making horizons. Read the full piece to learn how this often overlooked factor might be a reliable predictor of exceptional long-term returns.

Gary Friedman, CEO of RH

Vince McMahon, former CEO of WWE