I find it hilarious when people try to justify discounts in excess of 10%... well any discount to be clear.
It's also ironic that it's always new investors and not the poor buggers who invested at the float (showing the most faith in the manager) that harp on about the discount being an "opportunity" a "bargain" "justified".
The problem I have is... people warned me RL is a horrible people person, but a gifted investor... the latter remains to be seen.
Email from McComas, page-15
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