Quote of the Day

by nikiscevak on October 21, 2010

From Whitney Tilson of T2 Partners, a value investment hedge fund:

“We choose to share some of our ideas and analyses publicly not for marketing or ego reasons, but because it helps us make money for our investors, in three primary ways: a) when it is widely known that we have a position in a particular stock, we often hear from other investors who share valuable information or analyses; b) invariably, some people have the polar opposite view of a particular stock and, in sharing it with us, they can help us identify things we might have missed in our analysis; and c) when we share our ideas, it creates reciprocity and others share their best ideas with us.”

Love this. Secrecy usually is correlated to how fragile and the perishable ideas are.

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