T-bone1 Posted July 17, 2013 Posted July 17, 2013 Presented without comment: http://www.finalternatives.com/node/24208
Parsad Posted July 17, 2013 Posted July 17, 2013 I'm assuming most of that $335M is coming from Biglari Holdings transfer of their investment portfolio. Also this quote was kind of funny: “Biglari is a jockey stock,” he wrote in his 2011 letter to investors. “You are choosing the jockey; I am choosing the horses. It would be asinine to bet on a jockey and then deny him the saddle or whip.” I guess he doesn't know much about the horse racing business. The OWNERS pick the jockey and tell him which horse he is going to ride, not the other way around. Cheers!
CONeal Posted July 17, 2013 Posted July 17, 2013 “Biglari is a jockey stock,” he wrote in his 2011 letter to investors. “You are choosing the jockey; I am choosing the horses. It would be asinine to bet on a jockey and then deny him the saddle or whip.” I got a kick out of the same thing. Was thinking the owner doesn't give the jockey a whip so the jockey can turnarouond and beat him with it.
wescobrk Posted July 17, 2013 Posted July 17, 2013 Whoever wrote this article said it is coming from two investors. 5 min of research would have revealed where the money came from.
Parsad Posted July 17, 2013 Posted July 17, 2013 “Biglari is a jockey stock,” he wrote in his 2011 letter to investors. “You are choosing the jockey; I am choosing the horses. It would be asinine to bet on a jockey and then deny him the saddle or whip.” I got a kick out of the same thing. Was thinking the owner doesn't give the jockey a whip so the jockey can turnarouond and beat him with it. LOL! Unfortunately, ever since the 80's, it's been all about the star manager/executive...no more serving the client, but the client serving the manager/executive. "I'm the jockey...I'm the star"...and it isn't just this guy...they all pop up on CNBC, Bloomberg, and pretty much everywhere else! Where the f**k has humility gone in this business? When Hollywood celebrities are showing more humility than money managers, you know something is upside down in the industry. Cheers!
InelegantInvestor Posted July 18, 2013 Posted July 18, 2013 It's really remarkable. If he spent half as much energy running the company as he did on his self-enriching machinations... he'd be twice as rich. Classic narcissist.
OracleofCarolina Posted August 22, 2013 Posted August 22, 2013 http://m.us.wsj.com/articles/a/SB10001424127887323455104579014972501456820?mg=reno64-wsj A couple of franchisees appear to be perturbed at Biglari.
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