No. of Recommendations: 4
Okay, typing this out has helped me think about this. The question, really, is has my investment thesis been busted? The whole thesis was that the company was turning itself around and that the debt-owners were pricing in success while the equity owners were not.

Hi Jim,

Our father posted recently on the MF Options boards about investing lessons from the poets. One part of the post was kind of funny and seems relevant here, so with his permission we reproduce it:


4. Do Not Change Your Investing Thesis to Match Changes in the Business.

When should you sell your stock in Uncle Sol’s farm?

my Uncle Sol's farm
failed because the chickens
ate the vegetables so
my Uncle Sol had a
chicken farm till the
skunks ate the chickens when

my Uncle Sol
had a skunk farm . . . .

ee Cummings


He had changed his name a lot – it is now ADrumlinDaisy; before he was MazonCreekRich and before that BrokeInTheBurgh.

Captain Haiku

Martha and Victoria

Who did not do haiku because who wants to compete with ee cummings?
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