Activist Shareholder Letters

Activist shareholder letters are letters written by activist investors and sent to the company, often demanding a certain change to maximize shareholder value. These letters are a great read for any aspiring investor because they lay out the thought process of the world’s most renowned investors. You can learn how they think and why they come to think the way they do about a specific company. In some instances, they even attach the analysis they’ve done to support their claims.

While most letters are often formal and educational, others can also be entertaining in the case of letters written by Dan Loeb and Carl Icahn.