When asked about a personal habit that has served him well over the years, finance leader Puneet Pamnani raises his voice slightly and seeks to mimic the delivery of his wife\u2019s tone:\xa0 \u201cThis\xa0is what you do for a hobby? You read\xa0company annual reports?\u201d
To which Pamnani defends his favorite pastime with the retort: \u201cI find them interesting!\u201d
Although it might seem difficult to imagine this exchange taking place on sandy beach vacations and holiday escapes, it nonetheless remains an example that Pamnani uses to illustrate his relentless curiosity for how businesses operate and perform. \xa0
According to Pamnani, this curiosity has led him to regularly attend the annual shareholder meeting of Berkshire Hathaway, the major event for many value investors and fans of Warren Buffett, among whom Pamnani proudly includes himself. It\u2019s perhaps no surprise, then, that Pamnani\u2019s reading pastime is one that Buffett has long enjoyed and encouraged others to pursue.\xa0 \xa0
\u201cI\u2019ve been to every Warren Buffett annual shareholder meeting in the past 10 years,\u201d says Pamnani, who quickly adds: \u201cBut not the last one, that was hard\u201d\u2014signaling the environment related to COVID.
Of course, Buffett is renowned not just for the investment and business insights themselves that he serves up but also for\xa0how\xa0he serves them up using clear, concise language that every investor can understand\u2014and it\u2019s here where Pamnani\u2019s relentless habit and professional life are perhaps about to converge as at no other previous time.
\u201cThe CFO arrives at the center of the process when a company goes public,\u201d explains Pamnani, who back in 2018 entered the CFO office at KORE Wireless, a provider of mobility and network connectivity solutions that is expected to go public later this year.
Helping KORE to realize its IPOs ambitions is just latest chapter of a transaction-driven career in which at times Pamnani has worn multiple hats, including those of CFO, COO, and chief strategy officer.
\u201cAs a privately equity\u2013backed firm, KORE has been very commercially focused, but it\u2019s now time to balance that out, and as we maintain our focus on revenue and profits, we need to be more focused on compliance in order to become one of the best publicly listed companies of our size,\u201d observes the increasingly investor-minded Pamnani, who tells us that he keeps a volume of Warren Buffett\u2019s letters to shareholders on a shelf nearby.
\u201cThese are his actual letters, word for word, compiled as a book. You also can also find a summary on Amazon\u2014but this is not a plug,\u201d remarks Pamnani, who, perhaps like Buffett, just wants to share his methods.\xa0\u2013Jack Sweeney
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