#57: Asif Suria On The Virtues Of Event-Driven Investing
Superinvestors and the Art of Worldly Wisdom
The Downside of Deals That Don't Close
When deals don't close, you typically make whatever that is, 12% to 15% annualized when they close. You could typically see a drop of 13 to 50%. There are certain deals I get into where I say even if the deal doesn't go through, I'm perfectly happy owning the stock at the price. activation blizzard is a great example of that. They had some issues with sexual harassment lawsuits and employee issues right before the Microsoft deal was announced. It hung out at the $80 level for quite a long period of time until Buffett bought it.
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