Cunningham’s new book is “Dear Shareholder: The Best Executive Letters from Warren Buffett, Prem Watson and Other Great CEOs” (Harrison House-April 2020).
In our conversation, Cunningham discusses four of the 20 CEOs whose shareholder letters compose the book. He explains why, for example, Buffett wrote: “A hyperactive stock market is the pickpocket of enterprise”; opines that Amazon founder Jeff Bezos could be overzealous in his pursuit of a “lean” company and that Morningstar “may be at an inflection point.”
The professor’s most recent research article (March 3, 2020) is “The Case for Empowering Quality Shareholders” — that diminishing cohort who “load[s] up and stick[s] around,” as Cunningham, quoting Buffett, writes.
