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> If they took dollars and burned them live on TV would you say 'it's good they need to take an occasional loss'. The EV of burning money is zero. The EV of c
by petesergeant 4y ago
> If they took dollars and burned them live on TV would you say 'it's good they need to take an occasional loss'.
The EV of burning money is zero.
The EV of chucking some change into a firm that Sequoia has given $150m to and is writing glowing reviews of -- even with zero due diligence -- is probably pretty good.
- klelatti 4y agoThat’s a completely different argument to the one that I commented on. And if that’s what they were doing then it’s still pretty embarrassing.
- Gatsky 4y agoSaying that Temasek has annual returns of 14% and that the EV of burning money is zero are logically inconsistent. The EV of burning $275million is actually about negative $1 billion over 10 years, offset by tax savings.