Lawrence A. Cunningham, editor and publisher since 1997 of The Essays of Warren Buffett: Lessons for Corporate America, is the Henry St. George Tucker III Research Professor at George Washington University. His books include Berkshire Beyond Buffett: The Enduring Value of Values (Columbia, 2014) and Margin of Trust: The Berkshire Business Model (Columbia, 2020).
This book asks readers to reflect on important questions: What is a quality shareholder, and are you acting as one in the stock market? By following Cunningham’s prescriptions, companies can attract such investors and improve economic returns, and individuals have a roadmap to become quality shareholders and improve their investment results. This is a worthy goal, one that should be broadly shared. -- Robert G. Hagstrom, author of <i>The Warren Buffett Way</i> Cunningham has written a highly engaging, eminently readable book on an important but as-yet-unheralded shareholder cohort, the quality shareholders. Quality shareholders—engaged, long-term investors who can provide management with a sounding board and constructive criticism—may be the solution to rising transience and short-termism pervading markets. Cunningham describes how managers who run their companies to attract quality shareholders and investors who strive to exhibit those qualities contribute to the common good. -- Tobias Carlisle, author of <i>Deep Value</i> and <i>The Acquirer's Multiple</i> Quality Shareholders highlights the close correlation between patient long-term investors and companies focusing on long-term strategies and profits. Its numerous examples of successfully run corporations with such dedicated shareholders will be of interest to individual and institutional investors alike. -- David Kass, University of Maryland, writer of the <i>Warren Buffett Blog</i> This amply indexed book is an ideal resource for anyone considering a career (or already working) in investment management, investor relations, or managing a publicly traded firm. * Choice *