{"product_id":"deep-value-why-activist-investors-and-other-contrarians-battle-for-control-of-losing-corporations-9781118747964","title":"Deep Value: Why Activist Investors and Other Contrarians Battle for Control of Losing Corporations","description":"\u003cb\u003eThe economic climate is ripe for another golden age of shareholder activism\u003c\/b\u003e \u003cp\u003e\u003ci\u003eDeep Value: Why Activist Investors and Other Contrarians Battle for Control of Losing Corporations\u003c\/i\u003e is a must-read exploration of deep value investment strategy, describing the evolution of the theories of valuation and shareholder activism from Graham to Icahn and beyond. The book combines engaging anecdotes with industry research to illustrate the principles and methods of this complex strategy, and explains the reasoning behind seemingly incomprehensible activist maneuvers. Written by an active value investor, \u003ci\u003eDeep Value\u003c\/i\u003e provides an insider's perspective on shareholder activist strategies in a format accessible to both professional investors and laypeople.\u003c\/p\u003e \u003cp\u003eThe Deep Value investment philosophy as described by Graham initially identified targets by their discount to liquidation value. This approach was extremely effective, but those opportunities are few and far between in the modern market, forcing activists to adapt. Current activists assess value from a much broader palate, and exploit a much wider range of tools to achieve their goals. \u003ci\u003eDeep Value\u003c\/i\u003e enumerates and expands upon the resources and strategies available to value investors today, and describes how the economic climate is allowing value investing to re-emerge. Topics include: \u003c\/p\u003e \u003cul\u003e \u003cli\u003eTarget identification, and determining the most advantageous ends\u003c\/li\u003e \u003cli\u003eStrategies and tactics of effective activism\u003c\/li\u003e \u003cli\u003eUnseating management and fomenting change\u003c\/li\u003e \u003cli\u003eEyeing conditions for the next M\u0026amp;A boom\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eActivist hedge funds have been quiet since the early 2000s, but economic conditions, shareholder sentiment, and available opportunities are creating a fertile environment for another golden age of activism. \u003ci\u003eDeep Value: Why Activist Investors and Other Contrarians Battle for Control of Losing Corporations \u003c\/i\u003eprovides the in-depth information investors need to get up to speed before getting left behind.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eTOBIAS E. CARLISLE\u003c\/b\u003e is the founder and managing director of Eyquem Investment Management LLC and serves as portfolio manager of the firm's fund and managed accounts. He is best known as the author of the well-regarded website greenbackd.com and as co-author of \u003ci\u003eQuantitative Value: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors\u003c\/i\u003e (Wiley). He has extensive experience in business valuation, portfolio management, investment research, public company corporate governance, and corporate law. Prior to founding Eyquem in 2010, Tobias was an analyst at an activist hedge fund, general counsel of a company listed on the Australian Stock Exchange, and a corporate advisory lawyer. As a lawyer specializing in mergers and acquisitions, he has advised on transactions across a variety of industries in the United States, the United Kingdom, China, Australia, Singapore, Bermuda, Papua New Guinea, New Zealand, and Guam.\u003cbr\u003e\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":50492375957778,"sku":"9781118747964","price":64.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0831\/4771\/8930\/files\/img_ce1254d3-71dd-40dc-8d56-e3e2d806f2b9.jpg?v=1730586165","url":"https:\/\/surprise-castle.myshopify.com\/products\/deep-value-why-activist-investors-and-other-contrarians-battle-for-control-of-losing-corporations-9781118747964","provider":"Surprise Castle","version":"1.0","type":"link"}