Quote:
Originally Posted by Rain Man
Yeah. I really like her philosophy of investing in innovation. It seems like a great idea. Of course, those were the companies that got clobbered the most in 2022, so to some extent she or I or both got nailed by bad timing. But it seems like she's also made far bigger strategic mistakes, because I shouldn't still be down by 60 percent.
And you hear that, hog? I'm coming for you!
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Man, when she got going her funds were rocking and rolling with 100% returns. She became a cult leader. What I've read on more than one occasion is that she became a threat to other hedge funds and they collectively took aggressive short selling attacks on a lot of her investments. Don't know if that's factual but it makes sense. She does her homework and she's not stupid and has a large advisory team.
That being said, it seems like short selling has become just a thing in the last 4-5 years that have really destroyed the market. I just don't remember it going on at these levels 10-20 years ago.
Warren Buffett says the main reason he doesn't split BERK.A is he doesn't want short attacks.