After Dinner Investor | Value Investing Podcast On The Hunt For No-Brainer Stock Investments cover image

058: What We Can Learn From Ted Weschler's Perfect Investment in Dillard's

After Dinner Investor | Value Investing Podcast On The Hunt For No-Brainer Stock Investments

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Is This a Good Investment?

Because of their balance sheet, there was almost no downside to this investment. You're buying that owned real estate, net of the debt, for less than it's worth. So eit either way you look at it, i think the downside was like less than zero. There was no downside, if you're accurate in your judgment there.

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