Warren Buffett (Trades, Portfolio) can identify stocks that are attractively priced. What he can't do, and won't do, is predict when that undervaluation will be remedied.
Activist investors have more control over when they might realize a profit on an investment. They can force a sale of the company or a change in corporate policy that the market rewards.
Starboard Value is one of the more well known activist investing firms. CEO Jeff Smith discusses his approach and some recent investments.
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