On November 19, 2020, The Board of Directors of Tower Properties Company (“Company”) declared a dividend of $5,000.00 per share on each of the 4,423 shares of issued and outstanding common stock of the Company, totaling in the aggregate $22,115,000.00, payable to the holders of record of issued and outstanding shares of the common stock of the Company as of 5:00 p.m. CDT on November 30, 2020 (the “Record Date”), payable on December 17, 2020 (the “Payment Date”).Nate wrote up TPRP in Issue 13 of the Oddball Stocks Newsletter when shares were trading for $12,500.
It's been a while since we posted a recommended reading list, so here's some ideas as well as recent recommendations from prominent hedge fund managers.
Recommended Reading for the Holidays 2020
Quality Investing: Owning the Best Companies for the Long Term by Lawrence Cunningham, Torkell T Eide & Patrick Hargreaves - Dan Loeb (Third Point) recently recommended this book in a quarterly letter
No Rules Rules: Netflix and the Culture of Reinvention by Reed Hastings - Another recommendation from Loeb is the Netflix founder's new book
Unknown Market Wizards: The Best Traders You've Never Heard Of by Jack Schwager - Brand new book by the author famous for profiling top money managers
The Other Half of Macroeconomics and the Fate of Globalization by Richard Koo - Li Lu (Himalaya Capital) recommended this to Mohnish Pabrai, per Pabrai's Twitter
The Art of Learning: An Inner Journey to Optimal Performance by Josh Waitzkin - Recommended by hedge fund manager Yen Liow (Aravt Global) in a recent talk
Genghis Khan and the Making of the Modern World by Jack Weatherford - Another pick from Liow
Investing for Growth: How to Make Money by Only Buying the Best Companies in the World by Terry Smith - Newly released from the Fundsmith crew
The Psychology of Money by Morgan Housel - Brand new book by the prolific financial writer
Language, Truth and Logic by Alfred Ayer - Recommended by Nick Kokonas (Alinea Group) on Patrick O'Shaughnessy's podcast Founder's Field Guide
Lastly, if you're looking for a gift idea for friends, partners, clients, or employees, here's a quick one:
Incerto (Deluxe Edition) by Nassim Taleb - This set of hardcovers is fantastic and includes all of Taleb's great books: Fooled by Randomness, The Black Swan, Antifragile, Skin in the Game, and The Bed of Procrustes