or maybe you are just wrong? Considered that?Everything Dan...

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12/09/24

09:21

Post #: 75639475
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Originally posted by nashezz: ↑

Dan you are hands down the best poster on this forum and whilst I can't dispute what you 'heard' I can't help but believe you have misunderstood or misremembered some of what you were told, or the first guy was just pissing in your pocket. Most funds are excluded from investing in small caps because of liquidity issues and their size. It's pointless for $100m fund (apparently the break even point and therefore minimum AUM for most retail funds) to go try buy 10% of a $10M MC or even 5% of a $20M MC (or 2.5% of BRK) company because the returns to the bottom line are almost meaningless, even if the thesis pans out, and liquidity will mean entry and exit is extremely difficult without liquidity events. It would make little sense to me that a fund would decide that it's actually the sp, and not liquidity and MC that makes a difference in a go/no go investment decision like this but perhaps there are some that include it in their mandate. If you play in the space then 10% swings are the norm and you are going for multibaggers not 10% pa so why a PM would have a mandate excluding investments on sp makes no sense to me.

It makes more sense for American instos where dropping below a $1 sees you removed from the exchange so a mandate managing this risk buy specifying a min dollar value would make sense.

Anyway it's a moot point now because I imagine this gets up despite my reservations. Thanks for another detailed, intelligent and informative post.

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or maybe you are just wrong? Considered that?

Everything Dan wrote is 100% correct. Surprised you didn’t call him an idiot as well lol

BRK Price at posting: 0.9¢ Sentiment: None Disclosure: Not Held
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or maybe you are just wrong? Considered that?Everything Dan...

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