Peterffy's worst trade ever?

It is actually a nice estate and he did put money into it. But I think he can afford the loss, IBRK is up from 36 to 56 YTD. In other words, it is at ATH....

Also, his paper loss when IBRK went from 45 to 30 in 6 weeks was probably way bigger...
 
zdreg said:
the stock has gone uo 2x from there. your point?
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That was an earnings loss for the firm, not stock loss. The point was (why the fuck do I have to spell out everything??) that no, a 25 mill real estate loss wasn't the biggest for Peterffy.
 
truetype said:
http://www.greenwichtime.com/busine...gest-estate-sells-for-21-million-12377521.php

Buys a Greenwich estate for $45m, sells it for $21m.
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Greenwich’s housing market is in deep trouble. As you can see in the numbers below, there’s a staggering amount of houses sitting on the market. Here’s the breakdown by home price category:

  • $3 million to $4 million: 17 months of supply which has risen 38% over the past year
  • $4 million to $5 million: 22 months of supply, +35% over the past year
  • $5 million to $10 million: 48 months of supply, +108% over the past year
  • Greater than $10 million: 128 months of supply, +63% over the past year
To put that last bullet into perspective, at 128 months, that’s almost 13 years of supply.

http://fortune.com/2016/11/10/greenwich-ct-real-estate-luxury/
 
Pekelo said:
That was an earnings loss for the firm, not stock loss. The point was (why the fuck do I have to spell out everything??) that no, a 25 mill real estate loss wasn't the biggest for Peterffy.
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a decline in book value is near meaningless. it is what he can sell the co. that has a reality.
 
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