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18-09-2017, 08:16 AM
(This post was last modified: 18-09-2017, 08:17 AM by specuvestor.)
Good compilation but note the caveat on OPMI below
https://www.scribd.com/mobile/doc/283949...th-Klarman#
https://www.scribd.com/mobile/doc/283949...th-Klarman#
(06-05-2013, 01:56 PM)specuvestor Wrote: I'm actually not contradicting MW... I'm adding to what he says
I'm saying the key difference between what Seth said and minorities is the control portion. The latter are usually passive and without control. OTOH the former could for eg buy distressed debt at huge discount and control the company. That's why for them price is the major determinant. They can REALISE the value of an asset by exerting control. This is markedly different from us... hence my caution that we have to read their literature with understanding of the circumstances.
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward
Think Asset-Business-Structure (ABS)
Think Asset-Business-Structure (ABS)