Prof. George Athanassakos, Ben Graham Chair in Value Investing, Ivey Business School, Western University, London, Ontario, Canada

Lawrence Cunningham has put together another excellent book, a collection of letters by CEOs, the limited few, who are not only good operators, but also good asset allocators, i.e., value investors. Dear Shareholder is a must-read for anyone looking to understand those CEOs who know how to manage to create value and make their companies attractive to those who seek value creation. They are defined by these character traits: integrity, humility, discipline, patience, and long-term perspective.