Post by
Benedict16th on Feb 27, 2021 7:21pm
Buffet admits errors unlike GUD MNGT
From FT.com
Buffett admitted that he had failed to meet his dealmaking mandate and also admitted the $36.8bn purchase price he struck in 2016 for Precision Castparts, the largest takeover Berkshire has ever agreed, was “a mistake I made”. The company took a $9.8bn writedown on the division in the second quarter
Comment by
Chianchin on Feb 28, 2021 8:18am
Buffets very good MNGT. GUD not
Comment by
Benedict16th on Feb 28, 2021 8:54am
Buffet investement strategies are mostly flows and very few ebbs, Gud's strategies are all ebb and no flow. It ebbed from $10.50 to $5.20. Numbers never lie
Comment by
Stockoman1 on Mar 01, 2021 7:11am
Patience? Been that for several years as the stock price continued a downward drift to its present state. No value there !
Comment by
mjn797979 on Mar 01, 2021 8:22am
Over the last 7 years, you would have made more money putting it your kids piggy bank than in Knight. There is literally almost no one that has made money holding this. Its almost a feat considering the performance of markets. Pathetic
Comment by
EbbFlow88 on Mar 01, 2021 8:31am
The price of an asset can change on a dime. Just look how fast it fell and then rose in March 2020. GUD has also earned $166M as shown on Q3 balance sheet. Also, from inception of owning this 7 years ago, you're technically up and or breakeven. Where does it go from here? Can it go lower, sure. But there is value here and it is a great opportunity to pick up these shares at low prices.