arbcon Posted March 25, 2014 Share Posted March 25, 2014 Just a brief note of remembrance for a great investor, gentleman, and good friend. He was a brilliant investor, of course, but much more than that to those who knew him. Link to comment Share on other sites More sharing options...
fareastwarriors Posted March 25, 2014 Share Posted March 25, 2014 Just a brief note of remembrance for a great investor, gentleman, and good friend. He was a brilliant investor, of course, but much more than that to those who knew him. Condolences to his family, loved ones, and all at the Ruane, Cunniff & Goldfarb. Link to comment Share on other sites More sharing options...
Parsad Posted March 25, 2014 Share Posted March 25, 2014 When did this happen? What happened exactly? Link to comment Share on other sites More sharing options...
Guest Posted March 25, 2014 Share Posted March 25, 2014 I'm sorry to hear that. The guys at Sequoia are an outstanding bunch. Link to comment Share on other sites More sharing options...
CorpRaider Posted March 25, 2014 Share Posted March 25, 2014 Best wishes to his family and friends. Link to comment Share on other sites More sharing options...
Liberty Posted March 25, 2014 Share Posted March 25, 2014 Very sad news... Link to comment Share on other sites More sharing options...
arbcon Posted March 25, 2014 Author Share Posted March 25, 2014 Yes, you will see a nice writeup in the nyt today or tomorrow. Ruane Cunniff is a small family, and even those who have not been there for many years( I was 1982-1985 or so) have been extended family throughout our whole lives. I will tell one story for those who might be interested(feel free to skip if not interested): On the day of the 1987 crash, Rick was purchasing stock for clients. At the end of the day, the losses were so great that he took the positions into his own account, at terrible prices, because he didn't feel that he could ethically give them to his clients. The losses were too great. Eventually the prices rebounded because the investments were wise, but I relate this story to show you how ethics were first and foremost with Rick. Link to comment Share on other sites More sharing options...
fareastwarriors Posted March 25, 2014 Share Posted March 25, 2014 arbcon, thank you for sharing this news with us. Link to comment Share on other sites More sharing options...
LC Posted March 25, 2014 Share Posted March 25, 2014 this kind of news is always sad...best wishes to the family at Ruane Cuniff. Link to comment Share on other sites More sharing options...
wisdom Posted March 26, 2014 Share Posted March 26, 2014 http://www.bloomberg.com/news/2014-03-26/richard-cunniff-sequoia-fund-founder-with-ruane-dies-at-91-1-.html Link to comment Share on other sites More sharing options...
fareastwarriors Posted March 26, 2014 Share Posted March 26, 2014 =( Link to comment Share on other sites More sharing options...
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