This Article argues that the conventional wisdom about corporate raiders and activist hedge funds—lambasting raiders and praising activists—is wrong. The authors explain how activists are more likely than raiders to engage in mistargeting, implying they are also more likely to destroy value and, ultimately, social wealth.

中文翻译：

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大门内的野蛮人：袭击者、活动家和误瞄准的风险

本文认为，关于企业袭击者和激进对冲基金的传统智慧——痛斥袭击者和赞美激进者——是错误的。作者解释了活动家如何比掠夺者更有可能进行 错误瞄准，这意味着他们也更有可能破坏价值，并最终破坏社会财富。