Icahn understands the asset. That’s why he didn’t buy it. Electronic cabbage patch dolls.
At one time in my life I had the opportunity to guarantee an Enron pipeline project in Columbia. I thought I was good at analyzing financial statements and judging risk. I read Enron’s statement and could not figure them out. I turned the opportunity down. I was a little depressed thinking I wasn’t the securities analyst I though I was. Turns out, I did understand them. Mark to market b.s. Blue sky. Fraud.
Agree x 2
Last edited: Nov 13, 2022