RE:RE:RE:Bloated Kognitive Executive of 24 !!!!!! I've tried my best to be respectful, patient, and attentive with fellow investors like yourself in these conversations, But you've been misquoting and misrepresenting my words often as a group. Taking a shot at me today based on those perversions of reality is where I must draw the line:
1. I said Mittelmans performance COMING OUT OF BEAR MARKETS is the source of nearly all of his success as a professional investor. If the markets truly bottomed in the latter part of June (just prior to last quarters end and your data snapshot) then it is precicesly right now when he should be relied upon for investment returns. This is a critical moment that cannot be wasted. For example, we know he was a large investor in Revlon. Revlon was under $2 in mid June and in the $5s at quarters end. He apparently sold most of his in the $9s after your snapshot. So a 50-60% gain on a major investment since last quarter ended that your analysis ignores, and a missed 400% gain opportunity had he been given this cash to invest on our behalf at the bottom of the market as I have been begging you guys to understand.
2. I never once said I support or am advocating for a Dutch auction. They are garbage and I completely oppose that. What actually needs to happen immediately are open market purchases of every share at any price up to fair value. They have the liquidity, and the discount to fair value meets or surpasses any outside investment upside they can make with this money, but with a fraction of the risk.
I'm not going to go on. Believe whatever you like about investing. Just please don't put words in my mouth or misrepresent the results of my guidance. It's already costing us a ton.