American - Businessman | 1966 -
The mark of a wise person isn't never making mistakes - everyone makes plenty of them. Rather, it's the ability to quickly admit - and fix - them!
Whitney Tilson
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My portfolio consists of many companies I find fundamentally undervalued in which I expect activism to play a role in the value being realised.
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No one would suggest completely ignoring news about your investments. Enron investors, for example, would have been well served to sell once early reports of accounting irregularities surfaced. But the key is to keep news in context and act only if further reflection or study indicates that the core thesis for an investment has changed.
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While I take no pleasure in others' misfortunes, we've historically made most of our profits from other investors behaving in a panicked and irrational fashion and selling us certain stocks at prices far below their intrinsic value. More volatility equals cheaper stocks, which equals higher returns.
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I think that most people who complain about our government have no idea what they're talking about because they've never been to a country with a bad government.
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In life, an abundance of confidence gives us higher motivation, persistence, and optimism and can allow us to accomplish things we otherwise might not have undertaken.
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I am part of the 1 percent of the 1 percent. By that, I mean that I am fortunate to be a wealthy American, and I say, 'It's okay to raise my taxes.'
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While there's always plenty of room for improvement, our government is actually quite effective and efficient. Our military and judicial systems and national parks are the best in the world. Unlike in countries where government corruption is rampant, I've never once been solicited for a bribe.
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Pence is far too conservative for me, but by all accounts, he's an intelligent, experienced, decent man with no skeletons in his closet.
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There's a real company in Facebook and then a lot of pretenders riding their coat tails.
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Because I'm a very public figure, everybody knows what my returns are.
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Just because a company's future is highly uncertain doesn't mean an investment in it is risky. In fact, some of the best potential investments are highly uncertain but have little risk of permanent capital loss.
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