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. Whitney Tilson Read Quote
Dealing with uncertainty is always a key challenge for investors. But dealing with uncertainty doesn’t mean avoiding it – on the contrary, it is often fuzziness about a company’s future that creates the type of opportunity bargain-hunting investors cherish. Whitney Tilson Read Quote
Without doubt, timely and democratic access to financial and market information contributes to smoothly functioning financial markets. Whitney Tilson Read Quote
The consequences of overestimating a company and your ability to analyse it are greatly diminished when you’re paying a lot less for it than your analysis shows it is worth. Whitney Tilson Read Quote
Humans are hard-wired to be irrational when it comes to financial decisions. We must understand that so we don’t become the sucker at the poker table. Whitney Tilson Read Quote
Most chief executives rise to that position by being good operating managers. Few have extensive experience or training with capital allocation. What CEO wants to return excess cash to shareholders when it could be used to expand his or her empire? Whitney Tilson Read Quote
Well-managed companies with independent boards have nothing to fear from activist shareholders. Whitney Tilson Read Quote
The key thing when you short is to make sure you’re not wrong on the fundamental intrinsic value. Whitney Tilson Read Quote
There’s a real company in Facebook and then a lot of pretenders riding their coat tails. Whitney Tilson Read Quote
