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snowballbuilder

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  • Totally has 113 visits
  • THE MORE THE NIGHT IS DARK, THE MORE THE LION IS BRAVE »

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  • batbeer2 2016-03-30 15:46
    Hi Snow,

    I think you mentioned you are in Brazil, Correct?
    If so, please drop me an e-mail; batbeer AT Hotmail DOT com. Thanks.
  • Max7777 2015-07-27 00:26
    snowballbuilder: Hi Max ,
    I think is Himalaya fund , run by Li Lu ,

    http://www.himalayacapital.com/investphil.htm

    Best. Snow
    Thank you. Max
  • Max7777 2015-07-26 17:02
    Snowballbuilder: can you tell us what Asian fund did Munger pick?

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All snowballbuilder's Activities

  • snowballbuilder commented on Holly LaFon's article 03-18 02:04
    Bill Ackman Vs. Herbalife Documentary Opens in Theaters March 17
    The Wall Street movie documenting Bill Ackman (Trades, Portfolio)'s crusade against multi-level marketing company Herbalife (HLF) and Carl Icahn...
    View all 1 comment
    snowballbuilder 03-18 03:04
    • Really ???

      A movie on someone who has just lost more than 3,5 Billions dollars (or more than 90%) on a single investment???
  • snowballbuilder commented on Holly LaFon's article 03-16 01:20
    Bill Ackman Has Had Enough Precipitous Declines for One Stock, Sells Valeant
    After preparing everyone for a different sell by filing a prospectus to unload Chipotle (CMG) last week, Bill Ackman (Trades, Portfolio) exited his...
    View all 4 comments
    snowballbuilder 03-16 02:20
    • For what i know the total position was arount 27 mln sh with an average cost of around 150$/sh for a total investment of around 4 bln $ (four billion dollars)

      He has sold the position at around 11$/sh bringing back around 300 ml of the 4 bln invested. 

      Now is true that no one hit 100% and that you can be right 50% of the tine and still make money (depends on the magnitude of the winner and the loser) 

      BUT

      If you bet so big (around 20% of his asset) AND you end so damn wrong (more then 90% of loss) i think the game (career)  should be probably over. 

      We will see what pershing investors will do.

      Just some personal thoughts 

      Best snow
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