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Hubert has been wrong since the beginning, he’s never had detailed enough financials to support his wild conclusions. Buffets offerto invest is just more proof
by valuearb 8y ago
Hubert has been wrong since the beginning, he’s never had detailed enough financials to support his wild conclusions. Buffets offerto invest is just more proof of how wrong the naked capitalism series has been.
- lukewrites 8y agoCan you link to any rebuttals of Horan's argument? I found his articles to be pretty convincing, but am open to reading the other side. I'm not a finance person, but it seems like how Buffett wanted to hedge his investment would mean that he isn't so rosy on Uber that he's willing to go in without guarantees.
- valuearb 8y agoThe available financials (read them) don’t allow backing out Uber’s cost if investing in side businesses, or international customer acquisition costs, or per market profitability. Yet he made bold claims in all those areas.