Weekend 🖇️ssorted Links🔗 Issue #9-102024
Interesting reInteresting reads I've found between October 11, 2024 - October 24, 2024
Director-Shareholder Engagement: Getting It Right
Directors and shareholders can benefit greatly from effective engagement. While previously limited to company management, today's engagement often involves direct interaction between directors and shareholders. This shift is especially driven by investors' growing interest in ESG factors. Through engagement, both parties can exchange perspectives, address concerns, and gain valuable insights. Companies can enhance their proxy disclosure by highlighting the skills and expertise of their directors involved in shareholder outreach. Ultimately, thoughtful engagement fosters stronger relationships and can prove beneficial during challenging times.
When Genius Failed: Family Wealth & Endowment Edition
When Genius Failed is a captivating tale of the hedge fund LTCM's spectacular rise and fall. It's a must-read for those interested in hedge funds and learning from investment mistakes. The book highlights the dangers of over-reliance on diversification and the importance of understanding your investments and managing risk effectively. Beware of the "genius" label, as it can blind you to potential flaws in investment strategies.
Learning from My Success and from Others' Failure: Evidence from Minimally Invasive Cardiac Surgery
This research investigates how individuals learn from their own successes and failures, as well as the successes and failures of others. Using data from cardiothoracic surgeons, the study finds that individuals learn more from their own successes and from others' failures. However, prior successes and others' failures can help individuals overcome their inability to learn from their own failures. These findings offer insights into individual learning and its impact on organizational performance.
Capri stock craters 45% after judge blocks $8.5 billion Tapestry deal
3%: Great Depression, GFC, 1970s & 2020s?
The Great Depression, Great Financial Crisis, Stagflationary 1970s, and the upcoming decade share potential similarities, according to Goldman Sachs. They forecast low equity returns and a high probability of underperformance compared to bonds and inflation. However, other forecasts, like JP Morgan's, predict more favorable returns.
The author argues that long-term market forecasting is unreliable and that relying on past performance or consensus forecasts is risky. Instead, focusing on factors like economic growth and technological advancements might offer a more informed perspective on future investment opportunities.