James Montier speaks about “Shareholder Value Maximization: The World’s Dumbest Idea” from the European Investment Conference.
Some of the topics that will be covered include: The myth of shareholder value maximization (SVM) and its “unintended” consequences; Distortions in the economic landscape because of the disproportionate pursuit of SVM; SVM’s links to low rates of real investment, rising inequality, and labour’s declining share of income.
Michael Mauboussin: Here’s what active managers can do
The debate over active versus passive management continues as trends show the ongoing shift from active into passive funds. Q2 2020 hedge fund letters, conferences and more At the Morningstar Investment Conference, Michael Mauboussin of Counterpoint Global argued that the rise of index funds has made it more difficult to be an active manager. Drawing Read More