“But at its core, shareholder activism is simple. As Carl Icahn pointed out thirty-five years ago, an arbitrage exists when assets sitting in a public company are valued below what they would attract in an auction, or under different management.”
Initially read in 2019, decided to re-read this masterpiece. This book was one of my first introductions to investing overall, and one of the most memorable that I read, and the one that got me interested in investing. It details the history of activist investing and draws lessons from the most significant campaigns. For junior analysts, there is a lot that can be learned from this history. Hope you will enjoy my Kindle highlights below.
Kindle Highlights
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