A hedge fund buys out a struggling retailer on the verge of bankruptcy. It’s a story told so much it has become a cliché. Naturally, one would expect that the next step is to gut the corporation, rob the employees of their pensions, and sell off whatever tangible and intangible assets they can get a few bucks for. But in 2019 when Elliott Management purchased Barnes & Noble Booksellers for $638 million, something different happened.
Continue reading “Did a Hedge Fund Buyout Finally Go Right?”Tag: Business
Book Review: Sons of Wichita
The Koch family has tried for decades to keep itself out of the spotlight while building the 2nd largest private company in America. However, as this biography explains, they haven’t done the best job of it. Daniel Schulman details the Koch brothers’ lifetime of conflict with business competitors, political opponents, their companies’ shareholders and employees, and each other. It feels a bit like if someone wrote a novelization one of those epic long-running soap opera TV shows, except this all actually happened. Continue reading “Book Review: Sons of Wichita”
Book Review: University of Berkshire Hathaway
The market is flooded with books about Warren Buffett. This is the 5th one that I have read. Some books assemble or quote Buffett’s writings; others reverse engineer Buffett’s investment strategy. Often these authors seem to be trying to convince you they have inside information or trying to indoctrinate you into the Buffett cult. University of Berkshire Hathaway is not one of those books. It has details you won’t find anywhere else, which makes it a relevant addition to the prolific repertoire of books about Buffett and Berkshire. Continue reading “Book Review: University of Berkshire Hathaway”
Book Review: Business Adventures
This is a neat book of magazine-style business stories. There are 12 stories about 25-100 pages each. They don’t relate to each other at all, other than all being related to business, finance, and economics.
The stories are all interesting and well-written, so it is both entertaining and informative. This gave me some lesson ideas for my entrepreneurship class.
This is a great way to learn some new business content in a fun and engaging way.
Econ4All 