Really Great Piece from II on Chandler Brothers

[moore_capital54]

True Value Investors!

 

http://www.iinews.com/site/pdfs/IIMagazine_March_2006_Secrets_of_Sovereign.pdf

[gfp]

Interesting article, thanks for posting it.

 

Here's something recent that Richard has done (AU:EWC)

 

http://www.richardchandler.com/news/2011-06-11-Energy-World-Corporation.pdf

 

They have split their operations into:

 

http://www.legatum.com/  ,  http://www.legatumcapital.com/

 

and

 

http://www.richardchandler.com

[rijk]

what type of annualized performance do you get from $10 million to $5 billion in 20 years?

 

regards

rijk

[JAllen]

what type of annualized performance do you get from $10 million to $5 billion in 20 years?

 

regards

rijk

 

about 36%

[Guest Hester]

what type of annualized performance do you get from $10 million to $5 billion in 20 years?

 

regards

rijk

 

36.44%

 

http://www.moneychimp.com/calculator/discount_rate_calculator.htm

[rijk]

thanks hester & pof

 

fascinating story and incredible returns!

 

looks like they beat buffett & watsa by a wide margin, do we really believe these figures?

 

from reviewing annual reports and following the whole story, I have zero confidence in a clean sino forest

 

it looks like chandler has plenty of experience with shady management that operates in difficult environments

 

going to be interesting to see how this turns out.....

 

regards

rijk

[JAllen]

thanks hester & pof

 

fascinating story and incredible returns!

 

looks like they beat buffett & watsa by a wide margin, do we really believe these figures?

 

from reviewing annual reports and following the whole story, I have zero confidence in a clean sino forest

 

it looks like chandler has plenty of experience with shady management that operates in difficult environments

 

going to be interesting to see how this turns out.....

 

regards

rijk

 

Don't forget to include the amount of risk they took when looking at their returns!  I'm sure it was all calculated, but they took considerable risk, especially in Russia it seems.

[moore_capital54]

I believe their returns. But I do have a hard time understanding their confidence in the russian equity markets. That being said, these guys owned at one point 5% of Gazprom and sold it way too soon. IF they had held their stake would be worth close to $10B.