Dear Shareholder
Recommended to me by Kat Gleason on April 1, 2023 via Twitter DM.
Quotes
On shareholder letters
- ❝ The best shareholder letters treat readers as business partners
- ❝ Outstanding shareholder letters are well-written, honest, and consistently focused.
Dual class shares
Links to this note
Lawrence A. Cunningham
Author of ⚟ Dear Shareholder…
Why founders and executives should be part-time active investors
At a certain size of organization, a key part of a leader’s decisions become capital allocation decisions. Being an active investo…
Google adopted a dual class capital structure
When Google went public in 2004, founders Larry Page and Sergey Brin published an owner’s manual inspired by that of Berkshire. It…
Outstanding shareholder letters are well-written, honest, and consistently focused
Outstanding shareholder letters are well-written, honest, and consistently focused. They reveal the good, the bad, and the awful, …
The best shareholder letters treat readers as business partners
The best shareholder letters are those that treat readers as business partners, by offering deep insights into a particular compan…