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.
Welcome to our latest issue of ValueWalk’s hedge fund update. Below subscribers can find an excerpt in text and the full issue in PDF format. Please send us your feedback! Featuring investors exit long-short hedge funds, the oil market is now "broken", and Haidar Capital surges 225%. Q2 2022 hedge fund letters, conferences and more