
Dividends plus repurchases plus debt paydown as one measure of what shareholders get.
Chosen by shared topics, the entries that hold them, and the people who recommended both.
A large-fund manager's framework for ranking buybacks against alternatives.
Eight activist letters over a century, from Graham in 1927, and what lay behind them.
Recommended by: Mohnish Pabrai
Berkshire's shareholder letters arranged by topic: governance, valuation, mergers.
“The resource is as valuable as Larry Cunningham's The Essays of Warren Buffett, which similarly organizes by subject matter” — Christopher Bloomstran
Source: Semper Augustus 2024 Letter to Clients, 'Books and Tunes for Walking', p. 96
Recommended by: Christopher Bloomstran, Francois Rochon and 11 others
Eight CEOs who beat the market by allocating capital, not by running operations.
“…books I've recommended, highlighted to death, or forced on friends.” — Andrew Wilkinson
Source: Andrew Wilkinson's Bookshelf, neverenough.com
Recommended by: Andrew Wilkinson, Dan Loeb, Francois Rochon and 12 others
What research shows about why and how firms pay out cash, by dividend or buyback.
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