RE:RE:RE:The price Fairfax-Watsa needs to break even on BBGaslighting wrote: Yasch22 writes.." It seems to be far more plausible that the guy's only intention is to protect his investment, and actually register a win with nothing more complicated than a higher share price a couple of years down the road."
Seems to me that if Watsa was really interested in protecting his investment he wouldn't not have rehired Chen for another five years. Both of these old men are totally out of touch with the market they are operating in and Watsa' investment acumen isn't looking all that sharp as it once was.
watsa is a long term investor, he thinks insurance. FF won a short bet on 2007 - 2009 mortgage wipeout he signed chen on an easy contract, $144.8M guaranteed if Fired or Acquired, to take this thing home not hit a home run. 161718192030 were and are incredibly low objectives given the massive growth the tech industry promises.
until chen leaves there will be limited risk to spend and entertain second tier, small business and ultimately the consumer... look for his new president to begin to push a higher risk agenda.
watsa and chen are intouch with the market and ignoring growth for stability, what chen is missing is the inability to allow artists to sell while he manages the engineering thrashing machine.