Feb
27
“I assume people never change. That sounds harsh. But it’s an effective way to invest. Serial borrowers will keep borrowing, serial acquirers will keep acquiring, serial share issuers will keep issuing shares. I don’t believe them when they say they’ll stop. I treat it just like if an alcoholic said: “tomorrow I’m going to stop drinking.” Okay. I appreciate the sentiment. But we both know what’s going to happen tomorrow.”
Why I Never Talk to Management - Gannon On Investing - Gannon On Investing
