The shareholder letters of corporate leaders are a rich source of
business and investing wisdom. There is no more authoritative resource
on subjects ranging from leadership and management to capital allocation
and company culture.
But with thousands of shareholder letters written every year, how can
investors and students of the corporate world sift this vast swathe to
unearth the best insights?
Dear Shareholder is the solution!
In this masterly new collection, Lawrence A. Cunningham, business expert
and acclaimed editor of The Essays of Warren Buffett, presents the
finest writers in the genre of the shareholder letter, and the most
significant excerpts from their total output. Skillfully curated, edited
and arranged, these letters showcase the ultimate in business and
investment knowledge from an all-star team.
Dear Shareholder holds letters by more than 20 different leaders from
16 companies. These leaders include Warren Buffett (Berkshire Hathaway),
Tom Gayner (Markel), Kay Graham and Don Graham (The Washington Post and
Graham Holdings), Roberto Goizueta (Coca-Cola), Ginni Rometty (IBM), and
Prem Watsa (Fairfax).
Topics covered in these letters include the long-term focus, corporate
culture and commitment to values, capital allocation, buybacks,
dividends, acquisitions, management, business strategy, and executive
compensation.
As we survey the corporate landscape in search of outstanding companies
run by first-rate managers, shareholder letters are a valuable resource.
The letters also contain a wealth of knowledge on the core topics of
effective business management. Let Dear Shareholder be your guide.
