Updates

  1. Person pages list letters, writing, profiles and links as sortable tables with filters, and show each person's companies as links; Fund letters show each letter's description in its own column.
  2. Experts show a checked job title and a short description of each person; 30 more people have photographs.
  3. Every company, fund, university and publication the experts work for has a page listing the people there.
  4. Fund letters show each letter's thesis and filter by it; 225 person pages list the essays, columns and newsletter issues the person wrote.
  5. Person pages list every essay and newsletter issue a person wrote, and their own books as a table in List view.
  6. Recommends shows the five largest kinds of book and the rest under More; browse pictures load sooner.
  7. Podcasts and talks link the original episode, filter by Audio and video or Press, and list each publisher once.
  8. Pages are wider, Recommends has List and Grid, and a filter clicked again turns off.
  9. Book cards sit in a ruled grid with Open Library and Goodreads links and each book's one-line note.
  10. Funds is now Investors; each investor's styles are buttons that filter the table.
  11. Podcasts and talks on a person's page filter by year and publisher and show as a list or a grid of pictures.
  12. Quotes show only people's own words: 472 summaries written by list sites are gone.
  13. Country pages open from Browse again, and every link on the shelf lands on a page.
  14. Subject and person pages show their sections as tabs, and each book appears once on a person's page.
  15. Book cards show the quote, who said it and the source; grids show five cards to a row.
  16. On a phone, a menu holds the sections, search, Updates, Feedback and dark mode.
  17. Feedback takes a screenshot of the page with no browser prompt, opens a screenshot full size when you click it, and clears itself once sent.
  18. Book cards are centred, search names the topic each book sits in, and any text cut short shows whole on hover.
  19. Search groups its results by kind: people, companies, geographies, subjects, topics, books, funds, fund letters and papers.
  20. The Books table lists who recommended each book by name, and the browser tab names the section you are in.
  21. Feedback can take a screenshot of the page, or one you paste or choose, and opens in the corner beside Updates.
  22. Each rail button reopens its section where you left it, and Browse, Table and People show on every book and subject page.
  23. Filters grey out choices that hold nothing instead of hiding them, and Books › People filters by authors or recommenders.
  24. Feedback takes a subject line and up to three screenshots.
  25. Biographies are grouped by the person they are about: 41 new pages, from Abraham Lincoln to Lee Kuan Yew.
  26. Sport splits into 23 sports, and Religion into one topic per faith.
  27. Book lists show as cards: the cover, one recommendation quote and every recommender by name.
  28. Seventeen subjects that had two or three pages under different names now have one page each.
  29. Every page lists its Experts as authors and recommenders, with a link to them on the Experts tab.
  30. Economics, Financial history, Financial panics and Accounting are subjects of their own, with one page per financial crisis.
  31. Book, person and subject pages open inside the app, so the tabs stay in view.
  32. 996 more book covers, and photographs or logos for 227 more people and companies.
  33. Books › Browse shows every subject as cards, and the rail holds Fund letters, Papers, Experts, Books and Funds.
  34. Every topic over 150 books splits into narrower topics, each with a page of its own.

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Shareholder Activism

Investment styles

The mechanism by which outside owners force change on management, from 1920s proxy fights to modern hedge-fund campaigns.

Books 6Experts 1Recommenders 3

Start here

  1. Dear ChairmanJeff Gramm, 2015
  2. Barbarians at the GateBryan Burrough, John Helyar, 1990
  3. King IcahnMark Stevens, 1993
The Predators' BallThe Predators' Ball
T1 The Predators' Ball
Connie Bruck · 1988
Open LibraryGoodreads

How Milken's Drexel junk-bond desk financed the 1980s buyouts and hostile takeovers.

Recommended by: Mohnish Pabrai

Barbarians at the GateBarbarians at the Gate
T1 Barbarians at the Gate
Bryan Burrough, John Helyar · 1990
Open LibraryGoodreads

The 1988 bidding war for RJR Nabisco, the largest leveraged buyout to that date.

Recommended by: Jim Collins, Mohnish Pabrai and 1 other

Dear ChairmanDear Chairman
T1 Dear Chairman
Jeff Gramm · 2015
Open LibraryGoodreads

Eight activist letters over a century, from Graham in 1927, and what lay behind them.

Recommended by: Mohnish Pabrai

King IcahnKing Icahn
T2 King Icahn
Mark Stevens · 1993
Open LibraryGoodreads

The only full biography; Icahn cooperated then repudiated it.

Takeover: The New Wall Street WarriorsTakeover: The New Wall Street Warriors
T3 Takeover: The New Wall Street Warriors
Moira Johnston · 1986
Open LibraryGoodreads

Contemporary reporting on the raiders, including his Phillips Petroleum fight.

Extreme Value HedgingExtreme Value Hedging
T3 Extreme Value Hedging
Ronald D. Orol · 2007
Open LibraryGoodreads

The activist hedge fund playbook, campaign by campaign.

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