CorpRaider Posted March 30, 2017 Share Posted March 30, 2017 Sorry the discussion of leverage made a synapse or two fire. One of you guys take over one of the small, shitty CEFs and invest in like VBR or VOE with 1.2i-sh leverage via preferred. Crush it for a decade (or until you get the multiple on par with that pimco levered index CEF) and do a yuge secondary. Link to comment Share on other sites More sharing options...
jtvalue Posted February 26, 2018 Share Posted February 26, 2018 Does anyone have the 2017 letter? Link to comment Share on other sites More sharing options...
flesh Posted February 28, 2018 Share Posted February 28, 2018 I read the 17' letter. He's making them shorter now, doesn't want to divulge much, don't blame him. Nothing in there anyone's missing. He did say that all the recent small positions are thought of as low downside with upside optionality as opposed to high conviction the upside is there. He glanced over all the large positions and didn't mention MNRO at all. Link to comment Share on other sites More sharing options...
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