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Showing content with the highest reputation on 05/02/2025 in all areas

  1. Buying shitcos at the bottom and flipping them - this is difficult business. You need to sell at the right time, you presumably want some reinvestment opportunity for the proceeds, you've got tax considerations.... Yeah perhaps the 1-3 year return it superior - but in retrospect, I would rather have Fairfax. It means in 10, 20, 30 years or whatever, we have a miniscule cost basis on a presumably world class capitalism engine. And it removes a ton of brain damage along the way. Let Prem and Co earn us $$ while we sit back and spend it
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