Siddharth2

Your job is to go through the assigned readings and give your opinion/feedback on the concept. 

Chapter 1: Objective of business? (Discussion question)

From the class discussion, what do you think should be the objective of business since both profit maximization or shareholders value maximization are immune to criticism?

I want you to read these three articles before you start discussing:

1. The World's Dumbest Idea by James Monties, GMO White Paper,

http://www.fondsnieuws.nl/system/storage/serve/118636/James%20Montier%20The%20Worlds%20Dumbest%20Idea(1).pdf Also available on D2L.

2. Talking head: Managing for shaerholder value is still key by Michael Mauboussin http://www.ft.com/intl/cms/s/0/54d8c70c-7f4f-11de-85dc-00144feabdc0.html?siteedition=intl#axzz3O5TpDvz5 You might need to register to FT.com to read this article.

3. Shareholder Value is Undervalued by Cliff Asness, https://www.aqr.com/cliffs-perspective/shareholder-value-is-undervalued Also available on D2l