Blog Post

Dear fellow business owners

I am busy reading the newest edition of “Security Analysis”, a book I am sure are well known to all of you as people who share my beliefs about investing in common stocks.

I don’t know if any of you have read the latest edition, but if not,  please take the time to read the “Introduction to Part V, the Quest for Rational Investing”  written by Glenn H. Greenberg of Chieftain Capital Management.  I think it is a brilliantly written piece which I think (hope) all of you would enjoy too.  The online copy can be read here, from page 395.

http://books.google.co.za/books?id=-SVwCBG5ZiwC&pg=PA397&lpg=PA397&dq=chieftain+capital&source=bl&ots=Y_D5_5Roo3&sig=Xy18Cx4Vyxeeo0kpZzG8gEW1O2Y&hl=en&ei=PzoFSsGsLtCZjAfPvfHYBA&sa=X&oi=book_result&ct=result&resnum=3#PPA395,M1