Oracle of Omaha on Private Equity, finds it hinky.
https://youtu.be/r1EEixDB988
10 replies (most recent on top)
Don't blame Bernie...https://www.cnn.com/2023/02/24/opinions/bernie-sanders-capitalism-freedom-powers/index.html
Warren Buffet can go suck it. If he was so concerned about bad PE and the fact that he pays less taxes than his secretary, he would use his billions to try and change policies in Washington.
Post ID: @2wlt+1li0Esjc From what I have heard this is like what happened to TIBCO. The company was not doing terribly but not doing good enough for certain investors. Management was indifferent and a sale to PE was forced. For both companys Vista decided to ki-l the cow for big short term gain versus milking it for the long term.
"Citrix was not doing terribly before Vista and Elliot stuck their hands in things. Maybe not perfect, but far from failing, either. Now... The company's days are numbered..."
No company is perfect, certainly. However, I'd say the day-numbering started in 2015 when Elliot Mgmt acquired a stake in the company & installed one of their own on the board. Once the activists sink their teeth into a company, they never really let go.
Citrix' stock crashed because Vista sold us Wrike, a worthless company, in a sale that made no sense and cost way too much. That was totally on-purpose, to tank our stock price so they could take over on the cheap. It's called stock market manipulation and fraud...
Citrix was not doing terribly before Vista and Elliot stuck their hands in things. Maybe not perfect, but far from failing, either. Now... The company's days are numbered...
"Citrix would be bankrupt and closing its doors for every employee due to mismanagement of PE didnt bail then out. Like it or not, Citrix stock was on the path to $0 with the old leadership. "
Citation needed.
"Citrix would be bankrupt and closing its doors for every employee due to mismanagement of PE didnt bail then out. Like it or not, Citrix stock was on the path to $0 with the old leadership. "
TIBCO wasn't, but they got sucked into it anyway and lost a lot of people. So save your praises of PE.
Citrix would be bankrupt and closing its doors for every employee due to mismanagement of PE didnt bail then out. Like it or not, Citrix stock was on the path to $0 with the old leadership.
Duh doy… thanks captain obvious
Buffet is right -- it is hinky. Private equity is solely focused on the short-term. Buffett's approach has always been long haul "boring" investments. Buffett is basically an old school capitalist who invests for long term value -- the exact opposite of private equity.