Shareholder Value: “The World’s Dumbest Idea” – ValueWalk Premium

Shareholder Value: “The World’s Dumbest Idea”

Shareholder value, and the creation thereof is one of Wall Street's obsessions and a crucial caveat of quality investing. However, James Montier (author of The Little Book of Behavioral Investing among other titles), believes that shareholder value is “the world’s dumbest idea” and in a paper published at the end of 2014, he

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