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"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 in
by 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. :)