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The Curse of Countercyclical Marketing
Procter & Gamble tried it and it utterly failed. The CEO at the time, Bob McDonald, was promptly removed from the board. Under his command, P&G became the world's largest advertiser, with …
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The Value of Seth Klarman (Institutional Investor’s Alpha)
Beaten-down markets have been a boon for Baupost, which has become the sixth-largest hedge fund in the United States and a force to be reckoned with. Seth Klarman, president and portfolio manager of …
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20 Lessons from the Financial Crisis of 2008 (Seth Klarman)
One might have expected that the near-death experience of most investors in 2008 would generate valuable lessons for the future. We all know about the “depression mentality” of our parents and …
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Financial Chaos (Sir John Templeton)
Sometimes you find a rare gem between the many unpublished notes and memo's left behind by a legendary investor. Written in June '05, before the unraveling of an avalanche of bad mortgage debt, Sir …
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