Entity Dossier
Person
Peter Ackerman
Strategic Concepts & Mechanics
Strategic PatternProcess of Bites, Not Grand PlansDecision FrameworkCash Flow Over Earnings as Debt Survival TestRelationship LeverageHighly Confident as Substitute for Actual CapitalCapital StrategyInterest Deductibility as Leveraged Assault FuelCompetitive AdvantageNOL as Bidding War Nuclear OptionSignature MoveSpeed-of-Sale as Debt Survival DoctrineSignature MoveLawyer as Deal Principal, Not Hired GunSignature MoveParis Apartment DisciplineSignature MoveAll Debt Disguised as EquityCornerstone MoveBuy the Whole, Sell Everything But the Crown JewelCornerstone MoveBlind Pool Before the Target ExistsCornerstone MoveBribe the Gatekeeper, Storm the CastleCornerstone MoveBankruptcy's Tax Corpse as Acquisition WeaponCompetitive AdvantageTax Arbitrage as Structural WeaponOperating PrincipleProfessional Manager Decay Across GenerationsRisk DoctrineNever Cut Back a Committed DealSignature MoveMilken: Four-Thirty AM Cathedral-Builder With No OfficeCapital StrategyVenture Capital Masquerading as DebtSignature MovePeltz: Spittle-on-the-Check Persistence from Near-BrokeSignature MovePerelman: Borrowed $1.9M to a Boeing 727 in Seven YearsCornerstone MoveManufactured Credibility from Thin AirDecision FrameworkContra-Thinking as Default Mental Operating SystemIdentity & CultureForced Savings as Loyalty HandcuffsCornerstone MoveCash Flow Over Earnings as the Only TruthCornerstone MoveBuy the Core, Sell the Pieces, Erase the DebtSignature MoveKingsley: Mount Everest Desk, Twenty-Year Sounding BoardSignature MoveIcahn: Wrestling-a-Ghost Negotiation Until the Last PennyCornerstone MoveOwner's Equity as the Non-Negotiable DisciplineOperating PrincipleTime Value of Invested Cash ObsessionSignature MoveOwner Mindset Over Employee ThinkingCapital StrategyCash Parking During Opportunity DroughtSignature MoveGlobal Ground-Truth InvestigationCornerstone MoveArbitrage and Workout SituationsSignature MoveContrarian Loneliness as EdgeRisk DoctrineMargin of Safety as Liquidation FloorSignature MoveBalance Sheet Forensics Over EarningsSignature MoveDouble-and-Sell-Half DisciplineCornerstone MoveNet-Net Working Capital AcquisitionStrategic PatternTroubled Economies as Value Hunting GroundsDecision FrameworkBusiness Understanding Before InvestmentRisk DoctrineConcentration Over Diversification LogicDecision FrameworkDiscounted Cash Flow SkepticismStrategic PatternQuantitative Screening Before Qualitative
Primary Evidence
"Gary Winnick, Peter Ackerman, Dort Cameron, Charles Causey"
Source:The Predators' Ball
"Gary Winnick, Peter Ackerman, Dort Cameron, Charles Causey"
Source:Predator's Ball
"WHAT MAKES A GREAT SHORTING POLICY? Not so long ago Peter Ackerman wrote an insightful piece asking rhetorically “What Makes a Great Buy?” In the wake of Nortel this is an attempt at the flip side. •You must have overvaluation to start with. High book values and price earnings ratios with non-existent or very low dividend yields are a good"
Source:Routines and Orgies - The Life of Peter Cundill, Financial Genius, Philosopher, and Philanthropist