Gmthebeau

RXRX @ nearly 100% gain. Will look to buy back at lower levels.

and here we go again. Everyone who bought the 4% being blown up.

This is interesting. I need to look into EXPE. ValueAct is very good.

The great news is I don't have to explain to you why I changed my opinion. I told you I did. I told you it was sentiment. You didn't like the answer. I don't care. You should mute me.

Exactly. Once there is nobody left to sell there are only people to buy. Everyone says they won't buy, but once price starts going up sentiment suddenly changes and people start buying. It's the reverse of Apple. There is nobody left to buy Apple only people to sell. Even with passive inflows Buffett just trimming a bit drives the price down.

listen dude you just want to argue. I posted why I bought it you dont like the idea. I could give a shit what you think.

Sentiment from this board. Whatever man, I don't need to justify why I bought it to anyone.

Yea, the sentiment is to negative now.

XOM leaps, JD, BABA, CLF, INTC

Bought JD and BABA on the open today. Love the negative sentiment. Howard Marks is an idiot. China blows and going to zero.

The sentiment on China is so negative I have to take another look. Dont like it when everyone comes around to where I was 2-3 years ago. Nothing changes sentiment like price.

I don’t know. I could see how people might think that. He is definitely a value investor, who likes special situations, bankruptcies etc. he last owned BABA and sold out in Q3 of 2020 which is when it peaked. I find it interesting and I hate China

howard marks bought BABA and JD which is interesting stanley drunkenmiller sold AMZN and GOOGL completely and started selling NVDA david tepper bought calls on ARKK tom Russo bought UBER

Exactly I have never believed the FED is serious about bringing inflation back to 2 percent. Of course they are going to say that are but unless the bond market eventually forces them too they have no intention of it.

Exactly, but it's like talking to wall to fairfax fanboys. Reminds me of the TSLA crowd at the top

Right I would think the market is becoming less and less efficient if most everyone is going passive.

I didn't say it was a fraud, nor did the MW report. They said it used iffy accounting to overstate assets and profits. As far as the guy who said the prior lawsuit sued the short sellers into the Stone Age, I hope he realizes that Fairfax lost that lawsuit and it was dismissed. I am done replying to this thread because to many people only want to hear one side of a story. MW has identified numerous company for many years that are frauds or using bad accounting so to simply dismiss it is stupid in my opinion.

Bitter little man cuz your stock crashed. Ok, the analysis was 2 times accused of creative accounting just because you don't understand the analysis doesn't make it less useful.

ok, good luck with your investment.

This is the second time (that I am aware of). Most companies never have a first.

In looking at his latest holdings Mr Einhorn owned NYCB. Perhaps his way of valuing companies just no longer works. The markets are forever changing. Passive has been growing for decades it isn't a new thing. Since GFC we had zero interest rates which changed the markets again.

maybe. I am not familiar with the company. I am familiar with the idea when people keep coming around saying your accounting practices leave something to be desired there is usually something to it.

I just watched his CNBC interview and skimmed his report. Reasonable people can disagree on the value of assets. He seems to state some of the assets in question and there is a lot of asset shuffling going on. Reminded me a bit of a John Malone type situation. He made a good point how a former audit exec from the auditor is on their board. This would seem like a conflict. I also understand short sellers attacked them previously and they did an accounting adjustment to restate financials after that ~ I guess saying it was unrelated. Uh huh. Hard pass for me.

I don’t own Fairfax, and have never studied it, but Muddy Waters is not a fly by night smash and grab operation. They have a very long history of under-covering companies that are complete frauds, although typically these are Chinese companies. Looks like his says this was overstated by 18%, and it dropped 12% today. Worst case scenario is another 6% if he is right and quick upside back where it was otherwise. I might initiate a position tomorrow if it flushes more.

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