As part of Activist Strategy, we send out a weekend email with all kinds of goodies. This past weekend focused on broader reaching activism and how to not think of activism in terms of wins and losses.
Of note, it's not about winning or losing, it's truly about playing the game when it comes to activism. And it's not just about Ackman or Icahn - smaller groups have profound impacts as well. Negativity publicity is one of the key reasons that company's give in or become more receptive to formal activist campaigns. One of the big takeaways is that activism doesn't always lead to immediate change, yet opens the door for longer-term opportunities.