Each year Fortune releases its rankings for The World’s Most Admired Companies (WMAC) with a focus on revealing best practices and identifying important trends. To understand why these trends and best practices have relevance, it’s helpful to know how the WMAC perform relative to the market. On a three, five, and ten year basis they have outperformed the S&P 500 by roughly a factor of four. That’s significant and consistent enough to demonstrate a real correlation.
So....