Ryan Cohen's recent speech at the annual $GME shareholder meeting contained the quote from Warren Buffet "Turnarounds Seldom Turn" taken directly from Buffet's letter to Berkshire Hathaway shareholders in 1979
The full paragraph states "Both our operating and investment experience cause us to conclude that “turnarounds” seldom turn, and that the same energies and talent are much better employed in a good business purchased at a fair price than in a poor business purchased at a bargain price."
This paragraph is within a section titled Textiles and Retailing. Bed Bath & Beyond Inc. was founded as "B&B Textile Corp" in 1971 and Ryan Cohen still has an interest in the outcome of this "Once Great American Brand"
Very specific quote from a specific section and less related to $GME in its current successful turnaround.
Full letter:
https://t.co/wJwQ67YFec
I have never seen someone buy 45,000+ contracts for $4,500,000 of $GME 36 C's AT THE ASK expiring in a mere seven days. There are no words to explain this. Absolutely NUTS.
Yeah, hedge funds and repo traders have been naked shorting Treasuries for half a century. Some tenors over 100% of the float, just like certain stocks.
Where have you been?
A story in 2 parts - stop following $GME grifters who hype you up when they’re long and talk shit when they’re short. Diamond ape forgives but doesn’t forget. Wonder why he blocked me? Was I telling the truth? Is that bad? Atleast he’s wearing a helmet.