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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 valuin
by 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 agoSo, 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 agoI 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. :)