Swensen likes to talk about how he looks for money managers who have “a screw loose.” In terms of self-interest, the rational thing to do
How CEOs Can Forge a New Kind of Shareholder Value – Alfred Rappaport (Bloomberg Opinion) The Business Roundtable, the organization for chief executive officers of
Today my colleagues propose to roll back the requirement that auditors attest to the adequacy of certain companies’ internal controls. The proposal’s analysis of the
“In a free society…there is one and only one social responsibility of business – to use its resources and engage in activities designed to increase
I certainly have no interest in trying to call the top of any market cycle. No one has the ability to do that consistently. And
“The paper is organized around a number of facts and fictions about the size effect that warrant clarification. The facts we present include: that the
Continuing on the corporate governance theme, we are posting this oldie but goodie. A couple of years ago, I was interviewed by The Manual of
Download Cove Street Capital’s July 2019 Strategy Letter Number 36 “Big House, Small Doors?”
– Second Read: Writers Look Back at Classic Works of Reportage by James Marcus – In Our Mad and Furious City by Guy Gunaratne –
If we told you a very high ranking finance minister wrote and went public with this, could you guess the country? “In this administration, decisions
While the S&P 500 reaches new highs, I’ve taken the opportunity to reread Margin of Safety by Seth Klarman. While rereading, I rediscovered the story
