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Ha yeah, one of the largest financial firms doesn't have access to any useful information regarding their investments. This is quite possibly the most ridiculo

• braingenious 4y ago
  It’s kind of refreshing to see somebody blatantly carrying water for elmo without outright accusing anyone critical of his business acumen as spreading “FUD”
  • maxerickson 4y ago
    Misread, I'm making shit up about the visibility Fidelity has, not making a case for Twitter being worth more than they say. $44 billion was more than it was worth (ever) and the value has absolutely plummeted since ol' Musky took control.
    • braingenious 4y ago
      Do you have other examples about Fidelity being bad at valuing companies or… just this one? What is your process for figuring out how bad Fidelity is at valuing other private companies, given your personal insight? edit: Dyslexia fix
      • maxerickson 4y ago
        "making shit up" I don't have a process, I just don't think they are spending a huge amount of time on a 0.02% holding. Like hey, maybe they do have special insight and are not just acknowledging a disaster by hugely marking down their estimate.
        • braingenious 4y ago
          So, you don’t like to make shit up about Fidelity’s process outside of this specific Twitter valuation (which you have no option of)? lol
        • 1123581321 4y ago
          I don’t mean to pile on but what would make you conclude that about Fidelity’s analyst operation? It’s a 50k employee company. They have entire departments that do mark to market analysis and accounting. Plus it’s a newsworthy holding and they have access to peers at other firms that might hold more, and access to Twitter. I used to be part of a two man analyst department and even we’d have made time for this. :)