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ValueLetters

Author: Maisam

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Welcome to ValueLetters, an AI-narrated journey through the greatest investment writings ever created. Each episode brings to life the timeless insights of legendary investors such as Warren Buffett, Seth Klarman, Peter Lynch, and Terry Smith. From letters and articles to written interviews and essays, we uncover the wisdom, context, and principles that have guided decades of success. Beyond these classic writings, I also share my own reflections and analyses, inspired by the same masters whose ideas continue to shape the world of value investing. Join me as we rediscover the art of thoughtful investing, one piece of writing at a time.

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This episode explores key insights from the report Capital Allocation (Published Nov 05 2025) by Michael J. Mauboussin and Dan Callahan, CFA, examining how effective capital allocation drives long-term shareholder value. The authors argue that capital allocation, the most critical responsibility of any CEO, is often poorly executed due to unclear decision frameworks or misaligned incentives. Drawing on data from 1970 to 2024, the report provides a comprehensive analysis of how companies deplo...
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