June 23, 2017
In a rather embarrassing refutation of a prominent short seller’s longstanding short thesis (i.e. that HCG is a donut), BRK took a nearly 40 percent stake in the Canadian lender Home Capital Group.
While the short seller made a great call on the stock to-date, waging daily jihad on an individual security is, quite frankly, bizarre. We are mere minnows in the global financial system…not saving the world.