Money Stuff
Activism.
I suspect that something like what happened to the notion of "hedge funds" is happening to the notion of "activism." Once upon a time, each industry was the province of a few smart pioneers plucking low-hanging fruit and making a lot of money for themselves. But as those pioneers got rich and famous (especially in activist investing, where notoriety is essential), they attracted imitators, ran out of low-hanging fruit, and […]
