RE:Let‘s talk about facts “First of all PYR exists since 20 yaers or so.
They won't disappear in the next future.
No experienced investor cares about the actual financials.
For instance C. Wood with her ETFs is still involved”
Post by TheShareon Oct 28, 2023 10:16am
59 Views Post# 35705589
I don’t think I’ve ever actually heard anyone say that about financial statements in that easy before.
Warren Buffett, is a pretty decent investor, and what he has said about financial statements, and accounting is:
“ACCOUNTING IS THE LANGUAGE OF BUSINESS, AND YOU HAVE TO BE AS COMFORTABLE WITH THAT AS YOU ARE WITH YOUR OWN NATIVE LANGUAGE TO REALLY EVALUATE BUSINESSES. AND ACCOUNTING TELLS YOU A LOT AND IT CAN BE USED IN MANY WAYS TO DECEIVE. YOU SAW IT IN ENRON, FOR EXAMPLE.”
https://www.cnbc.com/2015/03/02/cnbc-excerpts-billionaire-investor-warren-buffett-on-cnbcs-squawk-box-today.html
regarding your other point, that 20 odd years history can be relied upon to indicate the company won’t go bankrupt…
Companies with extended histories that went bankrupt just a few, Chrysler around since 1920, Sears over 125 years, Toys “R” Us…
Time means nothing. What does mean something? Liquidity cash flow?
You need to have cash to run a business, and that’s why the comment about serious investor not paying attention to financials is truly nonsensical.
Not sure, that discussing her holdings here, is going to work in your favor. She has progressively decreased the percentage to which it is amongst the lowest, if not currently the lowest holding, and is a minuscule fraction of a percent, which they even calculated 0.00
You also need to know how that fund is organized.
“The PRNT ETF is not an actively managed fund. There are no daily trades and the weighting is indexed to the Total 3D-Printing Index. The holdings heres are therefore considered outside the normal analysis for Cathie's Ark.”
https://cathiesark.com/prnt/complete-holdings
Last week, after the NASDAQ delisting, we will revisit this and see whether or not this position even exists in this unmonitored, and minuscule insignificant amount.