43 ordspråk av Bill Nygren
Bill Nygren
It sends a message to the board.
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It's amazing how fast the invisible hand of competitive marketplaces is correcting these problems. Two years ago you saw almost no new research come out after the annual 10-K filing. Now when a company comes out with its 10-K, you see half a dozen analysts immediately coming out with a report analyzing all the details.
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It's one of the few funds that is in such a favorable tax situation. The fund has a large realized loss and an unrealized loss.
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Most of us are very, very skeptical about what long-term success day traders will be able to have. I think they will be badly disappointed.
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So far, so good,
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That type of monthly decline was unprecedented, ... We were not comfortable with management's explanation as to why it happened.
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That type of monthly decline was unprecedented. We were not comfortable with management's explanation as to why it happened.
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The best way to maximize the value is to solicit bids for the company.
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The company has dramatically underperformed, ... This sends a message to management.
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The company has dramatically underperformed. This sends a message to management.
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The fee, in effect, reimburses the funds for the costs short-term traders create,
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The fee, in effect, reimburses the funds for the costs short-term traders create.
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The most effective way to prevent the exploitation of our long-term shareholders is to charge an appropriate fee to short-term traders.
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The next question we always ask in a turnaround situations is: 'does the world want this company,'
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The people who own Internet stocks are taking on a very high level of risk. Myself and most of the other managers at the conference are concerned about people who own and trade those stocks not understanding the risks they're taking.
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