SongDonkey.AI
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Posts posted by SongDonkey.AI
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34 minutes ago, Paarslaars said:
Picked up some more PARA leaps.
What leaps did you buy?
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2 hours ago, Saluki said:
Did Singleton have any underlings?
Teledyne is still thriving. Robert Mehrabian used same playbook as Singleton, basically.
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@SalukiRegarding SFL - as I understand this is a creation of John Fredreksen. I would be very careful investing in his enterprises. Equity or debt doesn’t matter. History is not on your side if market turn south.
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The most incomprehensible thing about this gentleman is how he managed to not go out of business…
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4 hours ago, Pauly said:
Oof. Finished watching the latest season, and what a mess it was. Incoherent plot that went nowhere and had no internal logic. Terribly written characters, pointless callbacks to the (much better) first season...I could go on and on. I'm amazed that reviews have been mostly positive. It's just not for me I suppose.
Completely agree! Very depressive!
Waste of time!
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6 hours ago, RichardGibbons said:
Yeah, I mean SongDonkey's argument is among the worse I've seen on this board in the decades I've been reading it.
Do not know what you mean by this.
And your analogy with Buffett’s Wesco deal seems out of place because if you assume that even half of what Muddy Waters say is correct then we have big trouble. It is not one of a kind accounting error but systematic practice to distort asset value. If it affects 18% or 50% of book value - doesn’t matter.
I’m neither for Fairfax nor for MW. Just watching from the sidelines with amusement but can’t shakeup feeling that although you, guys, are very intelligent, most of the conversation is based on trying to convince each other more and more that everything is ok.
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2 minutes ago, Parsad said:
Who is he stealing from? He's the largest shareholder. His family owns shares. His staff owns shares. His foundation owns shares.
How is he benefiting from his theft? Either he's the smartest thief in the world or the dumbest!
Explain how he's solely, or in coordination with others, benefiting from any inflation of book value. Cheers!
There is an answer in your post - if doesn’t go up
- everything doesn’t work - nobody is motivated. -
3 minutes ago, MMM20 said:
BTW what they’re accused of is marking a $94 business at $100. The idea that that business is earning $15-20 in annual cash flow isn’t even in dispute.If your partner is a crook even in small matters - it doesn’t matter how much your business “earn” or “can earn”.
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Just now, LC said:
Help me understand here:
So if MW argues that Fairfax's book value needs an 18% downwards adjustment, and you're saying if 10% of that is true....then I need to be worried about a 1.8% BV contraction?
Sorry but the magnitude is not screaming "trouble" to me....what am I missing?
And if you'd care to elaborate - what parts of MW's allegations do you think are most accurate and most impactful? I'm just having trouble seeing it.
My point is - if there is any slice of lye in their reporting it is a “sell” at any price you get.
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2 minutes ago, Parsad said:
Have you even read the report? Not doing research and analysis and then expounding on something...what does that have to do with contrarian?
Cheers!
Imagine your partner stole $100 from you making financial statements. Your business is $2 million plus a year. Is it a problem? Immediate? No. In the future? Of course, it is.
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If even 10% of Muddy’s allegations are true you are in trouble, guys. It is not popular on this board to be contrarian but this is what it is.
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Read the latest issue of Economist! Guys!
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@dealrakerthank you very much for sharing this!
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@Gregmalgreat explanation. Thanks a lot!
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@Gregmal100% agree with you! Thanks for this post!
Where do you source financial/investment info?
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1 hour ago, John Hjorth said:
I think that investment world would be a way better place if nobody would be allowed to talk about Berkshire Hathaway in their marketing materials
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Interesting post, thanks!
Looks like it should be moved to Investment Ideas section.
What are you buying today?
in General Discussion
Posted
Thanks, nice choice:)