RE:RE:RE: Company employees get their options today
Well I think your comments are more reasoned than mine Efficient and more plausible. I made the classic mistake of failing to liquidate down to the sleeping level; that can always skew your judgement. Had I a smaller position in Birchcliff, Fergus would not have written such a strident post. I won’t forget that lesson.
But one scene in the Ben Affleck movie, The Accountant has an eerie familiar ring. I refer to the clip of the hedge fund manager in the parking garage who was threatened by the thug to stop shorting his client’s company and spreading lies about it. The hedge fund manager replied,” I short lots of companies which one is it?” To which the thug replies, “so you must be spreading lies about all of them.” Perhaps not so different from Prem Watsa’s unpleasant experience a few years back. By the way Steven Mnuchin the new U.S. Treasury secretary was an investor in that movie.
If I ever bump into Schulich I must make a point of asking him how he felt with his 38 million shares through all of this. Hemingway said that. “Courage was grace under pressure” and I never heard a single report of Schulich ever complaining.
At any rate I’m alive, financially intact, and based on the Birchcliff’s Q4 results, vindicated.