The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 2 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Hale: Activist funds fail when they act as campaigners instead of investors
“Part of the reason that activist investing has had its cycles and not every activist investor has survived those cycles because a lot of practitioners of the industry have been excellent campaigners, great users of the media, but not necessarily great investor…”
Morfit: Companies with amazing cash flow tolerate poor decisions and cost bloat
“If you have a really amazing cashflow engine, It can tolerate poor decision-making, poor talent. You tend to see companies say yes to a lot of things because why not? To diversify a lot of peripheral activities that don't benefit the core, to not run their bus…”