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Munib Islam - Creating Long-Term Value

Value Investing with Legends

CHAPTER

Baxter - The First Stroke of Luck

In the space of a few weeks, we acquired nine point nine % of the company and basicly had almost two billion dollar position. Even before we went public with our announcement of state, the incumbent co announced that he was retiring. And so that was the first stroke of luck. The stock did very well. What was my contribution to the board and what was my learnings? I think thats sort of probably more relevant. Obviously, i bought a very different perspective to the board as a shareholder and t investor, d not really an operator. So that cognitive diverse that i talked about certainly existed when i was added to the board. Valuable, because better decisions are made when people think

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