[kcsavvy]

I think the stereotypical calm company is one with strong financial performance in a stable industry that is somewhat insulated from swings in the macro economy. Think large regional players in insurance, healthcare, finance, banking, etc. It’s large enough to have “professional” managers and a big customer base (so one customer having a problem is not a hair-on-fire emergency).

In my experience you tend to find many more penny pinching owners in the world of small businesses, not at a 1000-person regional life insurance company.