Talent, Strategy, Risk: How Investors and Boards Are Redefining TSR

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Bill McNabb 978-1633698321 Harvard Business Review Press 2021

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A playbook for long-term value creation. Balancing the short term and the long term is a perennial struggle, but new developments put boards squarely at the center of this dilemma and in need of guidance. Much of the $14 trillion of assets that firms like Vanguard, BlackRock, and State Street manage is now held in index funds, creating a huge class of permanent institutional investors.

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