Episode · Invest Like the Best · 2016-09-12
Patrick O'Shaughnessy & Jeff Gramm: books mentioned on Invest Like the Best #01
Jeff Gramm – Activist Investing - [Invest Like the Best, EP.01]
Hedge Fund Manager and author Jeff Gramm talks with Patrick O'Shaughnessy about the history and current state of shareholder activism and discusses how Jeff invests himself, taking large positions and often board seats in undervalued companies.
Patrick O'Shaughnessy discussed Dear Chairman by Jeff Gramm and The Shareholder Value Myth by Lynn Stout. Jeff Gramm recommended The Snowball by Alice Schroeder, and discussed The Warren Buffett Way by Robert G. Hagstrom, Buffett: the Making of an American Capitalist by Roger Lowenstein, The intelligent investor by Benjamin Graham, and Security Analysis: The Classic 1934 Edition by Benjamin Graham and others.
Books mentioned, in the order they came up
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Dear Chairman
Discussed“My guest today is Jeff Graham, a portfolio manager at Bandera Partners and the author of one of my favorite investing books, Dear Chairman, Boardroom Battles and the Rise of Shareholder Activism.”
Where to get it
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The Shareholder Value Myth
Discussed“So I'm going to read a quote from – you don't actually quote this in the book, but I went and read a book that you recommended or at least referenced by a woman named Lynn Stout talking – I think the book was called The Shareholder Value Myth. And so she says,”
Where to get it
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The Warren Buffett Way
Discussed“But it was like a, like a four person, uh, study group who was like into Warren Buffett. And like, like he gave me a book on Buffett. I think that he gave me the Lowenstein book, which I didn't read, but then I read the Warren Buffett way.”
Where to get it
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Buffett: the Making of an American Capitalist
Discussed“And like, like he gave me a book on Buffett. I think that he gave me the Lowenstein book, which I didn't read, but then I read the Warren Buffett way. And then I read the, like the Lowenstein book.”
Where to get it
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The Snowball
Recommended“In terms of business books, I guess, like, when people ask me, like, investing-wise, like, I do always push the snowball. Like, I feel like, A, it's. Great book. Yeah, and it's weirdly, you know, well, under the radar, even among the Buffett devotees.”
Where to get it
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The intelligent investor
Discussed“And I think that book is more valuable than, like, I think, like a young investor coming up now will get more from the snowball than from the intelligent investor or security analysis or, you know.”
Where to get it
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Security Analysis: The Classic 1934 Edition
Discussed“And I think that book is more valuable than, like, I think, like a young investor coming up now will get more from the snowball than from the intelligent investor or security analysis or, you know.”
Where to get it
