Property and casualty (P and C) claim reserves are financial statement liabilities that represent estimated future claims. An understanding of P and C reserves is important to both risk managers and investment analysts, since this information is crucial in assessing solvency and value. We review...

Private Equity acquirers often purchase under-performing businesses and then cut costs, and otherwise turn those businesses around for later sale. This approach has worked incredibly well, so much so that it has attracted a great deal of competition thereby making similar deals increasingly...

The field of Security Analysis has generally come to embrace the theories of modern economics, seemingly without adequate consideration for how to bridge the gap between theory and practice. The consequences of this, most recently experienced in the 2007-2008 credit crisis, have been...

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...