Aswath Damodaran is a professor of finance at the Stern School of Business at NYU.
Sorkin implicitly accepts Lipton's view that activist investors are short term, that they do damage to companies by being vocal and that long term shareholders are not served by activism.
My motives for this post are not defensive but I do have a weakness of not being able to let an analogy go, especially when it can be used to good effect.
For widely followed companies like Apple, the obsession with what the next earnings report will deliver overwhelms any sensible assessment of what it means for the company.
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