Whitney Tilson
Quotes by Whitney Tilson
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Humans are hard-wired to be irrational when it comes to financial decisions. We must understand that so we don't become the sucker at the poker table.
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There's a real company in Facebook and then a lot of pretenders riding their coat tails.
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Without doubt, timely and democratic access to financial and market information contributes to smoothly functioning financial markets.
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My portfolio consists of many companies I find fundamentally undervalued in which I expect activism to play a role in the value being realised.
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While I take no pleasure in others' misfortunes, we've historically made most of our profits from other investors behaving in a panicked and irrational fashion and selling us certain stocks at prices far below their intrinsic value. More volatility equals cheaper stocks, which equals higher returns.
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The relative illiquidity of small-company shares - which often contributes to their being undervalued - also increases their volatility.
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The mark of a wise person isn't never making mistakes - everyone makes plenty of them. Rather, it's the ability to quickly admit - and fix - them!
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