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Ten Lessons from 20 Years of Value Creation Insights
Value creation has changed, but the rules—and the ways of winning—remain the same.
✒ 2: “…make more and better investments than the ones already anticipated by investors or to increase—beyond expectations—the profits being earned on existing investments. Beating expectations as expectations evolve is what matters.”
#7: “…thanks to the commonly cited assertion that most deals destroy value. It is true that more than 50% of deals simply transfer wealth from buyer to seller. But there is an untold other side to that story: many long-term, top-quartile value creators engage in significant numbers of M&A deals.”