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![DutchInvestors Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1757431687732985856.png) The Dutch Investors 🦁 [@DutchInvestors](/creator/twitter/DutchInvestors) on x 2798 followers
Created: 2025-06-26 12:32:19 UTC

There’s a reason companies like Constellation Software, LVMH, or even Topicus let their subsidiaries operate independently. These businesses have their cultures and strategies that work for them, and might not work anywhere else. This top-down approach just doesn’t sit right with me.

Tencent also continues to be a great example of how to highlight “amazing” metrics while sweeping everything else under the rug. They have a knack for making numbers sound better than they are, just by adjusting the framing. We really dislike this. Just be straight with shareholders.

![](https://pbs.twimg.com/media/GuXqED_WQAA4MRj.png)

XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1938213734570189260/c:line.svg)

**Related Topics**
[$0700hk](/topic/$0700hk)
[tencent](/topic/tencent)
[constellation](/topic/constellation)
[$csuto](/topic/$csuto)

[Post Link](https://x.com/DutchInvestors/status/1938213734570189260)