I love this joke/quote from David Einhorn:
“What do you call a stock that’s down 90%? A stock that was down 80% and then got cut in half.”
Remember that the next time someone exhorts you to buy a stock because it has gotten shellacked . . .
Hat tip Josh
Category: Apprenticed Investor, Valuation
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[...] David Einhorn, “What do you call a stock that’s down 90%? A stock that was down 80% and then got cut in half.” (The Reformed Broker via Big Picture) [...]
Yeah, Yeah, Yeah.
Bottom picking makes your fingers smell….
But I still bought some RIMM…… sniff, sniff….
And of course nat gas!
gh
What does Romney call a stock that’s down 90%? An IPO from Obama’s Sesame Street.
“Bernie Madoff. Ken Lay. Dennis Kozlowski. Criminals. Gluttons of greed. And the evil genius who towered over them? [Big Bird silhouette on office-building windows] One man has the guts to speak his name. … [Romney clip:] ‘Big Bird’ … Big. Yellow. A menace to our economy. Mitt Romney knows it’s not Wall Street you have to worry about, it’s Sesame Street. … Mitt Romney. Taking on our enemies, no matter where they nest.
http://www.youtube.com/watch?v=bZxs09eV-Vc
http://www.cbsnews.com/8301-250_162-57528812/sesame-workshop-to-obama-take-big-bird-ad-down/
That deserve a standalone blog? I don’t see the point, down 80% or 90% or 95% … ditto with penny stocks that jump 100%, 300% or …
I thought it is called as a “ten bagger to break even”
[...] David Einhorn, “What do you call a stock that’s down 90%? A stock that was down 80% and then got cut in half.” (The Reformed Broker via Big Picture) [...]