44 karma · joined August 21, 2012
As an example, it would be easy to make the case that reducing the dividend to build a new factory is in shareholders' best interest. It would also be easy to make the case that they shouldn't open a new factory, and instead increase the dividend. Which option they choose is a bit subjective, and a judgement call, but neither would breach their fiduciary duty.
Choosing a much higher cost supplier, that is owned by their husband or wife, probably would breach fiduciary duty.
Obviously, these are edge cases (we'll never be 100% passive), but there is some concern that there will be a lock-in effect for companies currently in the S&P... It will be harder to grow if you're not in it, and it'll be harder to fail if you are.
http://www.nolo.com/legal-encyclopedia/whats-the-difference-...
I'm asking because I find it hard to believe (almost impossible) that 90% of white people have never spoken to a black person.
If you hire someone who doesn't have integrity, you want them to be dumb and lazy to limit the damage they can cause.
I'm not sure what the quality of the books are overall, or the consistency between books, but I've had some luck with introductory level info. It looks like a good start and seems to be the same basic concept as what you describe.