What percentage of activist investors started that way with their holdings? Aren't a lot of them really just "deep value" investors that got frustrated by the performance of one of their holdings before firing off an angry letter to the board?
Is there any hard data out there on this?
new book out on the subject called "extreme value hedging" that might be worth a look.
Posted by: WorldBeta | April 22, 2008 at 08:48 AM