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by jzycrzy
5137 days ago
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Just to add to this comment. $100MM at 2% management fees, leaves $2MM for expenses (audit, legal, accounting), officers and staff. He probably makes most of his annual take in a performance bonus, which this 'screw up' probably reduced. FWIW, my favorite part showing how these short term guys think: "we heard rumors there was a market in Europe for $70/share" fast forward to "this thing should have been trading in the $60 to $70 range." Based on a rumor from another continent. |
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