“Outgrowing dilution, for purposes of achieving maximum present value for an enterprise, is not easy.
Tesla dilutes its shareholders at about 3.6% per year, with no buybacks. The chart above shows the kind of present value destruction that this level of dilution can impart.
@GeorgeForeman Greatest @GeorgeForeman, what do you think about Mike Tyson firing Kevin Rooney in 1988. Tyson scarcely speaks about Rooney yet it seemed they were very close. Also he won’t visit nor call Rooney. Tyson himself said, ”I'd still be champion today.", when asked about firing Rooney.
@GeorgeForeman When did you know you had been blessed with a hard punch? Can you tell us anything about your street fights in Houston? One of the best to do it🫱🏻🫲🏿
@GeorgeForeman@YouTube Greatest @GeorgeForeman, what do you think about Mike Tyson firing Kevin Rooney in 1988. Tyson scarcely speaks about Rooney yet it seemed they were very close. Also he won’t visit nor call Rooney. Tyson himself said, ”I'd still be champion today.", when asked about firing Rooney.
@michaeljburry@devildriver@GuitarWorld As soon as we abandon our own reason, and are content to rely upon authority, there is no end to our troubles.
-Bertrand Russell
@michaeljburry Michael, I aspire to be at least half the man you’re. Always remember: You’re a doctor, father and a role model, ipso facto a brilliant investor.
Good investing,
Eero