TEK is proof of the "buying a dollar for 80c" scam among ASX LICs

See: > TEK - Thorney Technologies - Cheat Sheet

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Geoff Wilson popularized "buying a dollar for 80 cents" regarding ASX CEF discounts, and this misleading and simplistic phrase rarely has worse consequences than when considering Thorney Technologies (TEK) where you can buy a dollar for less than 70 cents! TEK has existed since 2017 and its founder, Alex Waislitz, is a billion dollar rich lister who throws extravangant parties that apparently help shield him from criticism within the finance industry. In this post, I explain just how wrong-headed this thinking is about CEF discounts and why TEK's discount deserves to be gigantic and, if things stay the same, only get bigger over time.
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