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#55: Ben Hunt On The Big 'Bust Out'

Superinvestors and the Art of Worldly Wisdom

CHAPTER

The Rarest Thing in the World: An Activist Investor Wins a Proxy Fight

An activist investor bought 5% of the company and started a proxy fight. The two co founders sold stock to pocket $300 million each, each. They dominated the board and they use the stock buybacks to prop up the stock price. It's absolutely wild.

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