Purpose: This paper profiles the leadership and Financial Strategy principles of Henry E. Singleton, Ph.D., the late founder, Chairman and CEO of Teledyne Corporation. Design/methodology/approach: The main sources of this paper are a private study prepared by Leon G. Cooperman, founder, Chairman...

Purpose: The books, "The Innovator’s Dilemma" and "Fooled by Randomness" were best-sellers, and both books’ authors rightly have legions of followers. Nevertheless, the dynamics each author analyzed so well continue to plague many executives. Why? Is there some way to close the analytical...

No one in United States financial and business history is as misunderstood, and under-appreciated, as Jay Gould. This article assesses Gould’s skills as a corporate executive following his distressed investment in, and subsequent managerial control of, the Union Pacific Railroad (UP). The UP...

Purpose – This paper profiles the leadership and Financial Strategy principles of Dr. Henry E. Singleton, the late founder of Teledyne Corporation. Design/methodology/approach – The main sources of this paper are a private study prepared by Leon G. Cooperman, Chairman and CEO of Omega...

This paper analyzes select lessons from the recently published book by Howard Marks, "The Most Important Thing" (NY: Columbia University Press, 2011), from a private equity perspective. Mr. Marks specializes in credit value investments, and as a result private equity investors may overlook the...

Books on Graham and Dodd-based valuation tend to be predominantly introductory in nature, and essentially present different interpretations of value investing, broadly defined. This book takes a different approach; rather than introduce a new variation on the value investing theme, it adopts the...

This is the first paper that profiles the financial strategy of the late Jay Gould, the legendary 19th Century financial and business titan, and applies it to modern executive management. It proposes a financial strategy framework based on Mr. Gould’s various financial and business activities,...

As I write this, markets across the globe are in turmoil and economies are slowing due to the Covid-19 pandemic. Throughout the early phases of the turmoil, we heard explanatory narratives beginning to form such as, “This came out of nowhere! No-one saw this coming.” The irony is that...

As I write this, markets across the globe are in turmoil and economies are slowing due to the Covid-19 pandemic. Throughout the early phases of the turmoil, we heard explanatory narratives beginning to form such as, “This came out of nowhere! No-one saw this coming.” The irony is that...

Insurance claims can take years to resolve, which makes insurance performance measurement - and incentive compensation based on such measurement - challenging. The insurance industry utilizes a method of analysis called accident year analysis to manage the temporal challenge inherent in...