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Jeff Gramm – Activist Investing - [Invest Like the Best, EP.01]
Invest Like the Best with Patrick O'Shaughnessy
Tone Evolution in Activism Over Decades
The tone in activism has evolved over the years, as seen in quotes from Ben Graham and Dan Loeb. Graham addressed Rockefeller Foundation with a professional tone, emphasizing ethical responsibility. In contrast, Loeb criticized the CEO of Star Gas harshly, highlighting incompetence and value destruction. This shift in tone reflects a significant change in activism over the past eight or nine decades.
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