Learning about Shareholder Activism

Based on the most helpful WSO content, here are some excellent resources to deepen your understanding of shareholder activism, covering governance, defensive strategies, and more:

Books:

1. "Dear Chairman" - A great starting point, as you're already reading it.
2. "The Intelligent Investor" by Benjamin Graham - While not specific to activism, it provides foundational knowledge on value investing, which is often tied to activist strategies.
3. "Margin of Safety" by Seth Klarman - Offers insights into value investing and strategies that align with activist approaches.
4. "King of Capital" - Focuses on private equity but includes valuable lessons on corporate governance and activism.

Articles and Newsletters:

1. Warren Buffett Letters - His annual letters to shareholders are a treasure trove of insights on governance and shareholder value.
2. ValueWalk and MarketFolly - Both platforms provide articles and updates on activist strategies and value investing.
3. Graham and Doddsville - A publication from Columbia Business School's value investing program, often featuring activist-related content.

Online Resources:

1. Value Investors Club - A community where members share investment ideas, including activist plays.
2. Historical 13Fs of Major Hedge Fund Managers - Reviewing these can help you understand the moves of activist investors like Dan Loeb or Bill Ackman.

Videos and Conferences:

1. Pershing Square Challenge Pitch Videos - Offers insights into activist strategies from a student perspective.
2. The Sohn Conference Pitches and Videos - Features presentations from top investors, including activists.

Podcasts:

1. Corner of Berkshire and Fairfax - A forum and podcast discussing value investing and activism.
2. Distressed Debt Investing - While focused on distressed assets, it often overlaps with activist strategies.

Additional Recommendations:

• Peter Lynch Books - For understanding company analysis.
• Joel Greenblatt Books - Focused on value investing and special situations.
• Andreessen Horowitz Content - For insights into venture capital and governance.

These resources should provide a comprehensive foundation for learning about shareholder activism, from governance to defensive strategies.

Sources: Best resource for learning about investing strategies?, Activist Value Investing: Be Your Own "Change" Agent