What We’re Reading – Week of 07/25/2014

Below you will find the articles on economics, investing, and finance that we found most interesting for the week.

NB: ($) denotes subscription site.



While we sometimes worry they are focused a little too much on the “quick buck,” activists are holding managements to account on behalf of the shareholders and most of the time do more good than harm.  This week activists dominated the headlines on Wall Street:


Activist Elliott Management tries to convince EMC to spin off VMWare.

Article via FT ($)


Activist Jana Partners wants Apache to spin off more international assets.

Article via Wall Street Journal ($)


The market panned activist Bill Ackman’s latest presentation about why Herbalife is a pyramid scheme.

Article via Forbes

Presentation via Pershing Square Capital Management


Activist Elliott Management unveiled a 6.7% stake in Interpublic – let’s hope they have more success with this perpetual turnaround story than others before them.

Article via Wall Street Journal ($)


This is an interesting blog post debunking the myths of activist investing.

Blog post via Harvard Law School