moore_capital54 Posted July 28, 2011 Share Posted July 28, 2011 True Value Investors! http://www.iinews.com/site/pdfs/IIMagazine_March_2006_Secrets_of_Sovereign.pdf Link to comment Share on other sites More sharing options...
gfp Posted July 28, 2011 Share Posted July 28, 2011 Interesting article, thanks for posting it. Here's something recent that Richard has done (AU:EWC) http://www.richardchandler.com/news/2011-06-11-Energy-World-Corporation.pdf They have split their operations into: http://www.legatum.com/ , http://www.legatumcapital.com/ and http://www.richardchandler.com Link to comment Share on other sites More sharing options...
rijk Posted July 28, 2011 Share Posted July 28, 2011 what type of annualized performance do you get from $10 million to $5 billion in 20 years? regards rijk Link to comment Share on other sites More sharing options...
JAllen Posted July 28, 2011 Share Posted July 28, 2011 what type of annualized performance do you get from $10 million to $5 billion in 20 years? regards rijk about 36% Link to comment Share on other sites More sharing options...
Guest Hester Posted July 28, 2011 Share Posted July 28, 2011 what type of annualized performance do you get from $10 million to $5 billion in 20 years? regards rijk 36.44% http://www.moneychimp.com/calculator/discount_rate_calculator.htm Link to comment Share on other sites More sharing options...
rijk Posted July 28, 2011 Share Posted July 28, 2011 thanks hester & pof fascinating story and incredible returns! looks like they beat buffett & watsa by a wide margin, do we really believe these figures? from reviewing annual reports and following the whole story, I have zero confidence in a clean sino forest it looks like chandler has plenty of experience with shady management that operates in difficult environments going to be interesting to see how this turns out..... regards rijk Link to comment Share on other sites More sharing options...
JAllen Posted July 28, 2011 Share Posted July 28, 2011 thanks hester & pof fascinating story and incredible returns! looks like they beat buffett & watsa by a wide margin, do we really believe these figures? from reviewing annual reports and following the whole story, I have zero confidence in a clean sino forest it looks like chandler has plenty of experience with shady management that operates in difficult environments going to be interesting to see how this turns out..... regards rijk Don't forget to include the amount of risk they took when looking at their returns! I'm sure it was all calculated, but they took considerable risk, especially in Russia it seems. Link to comment Share on other sites More sharing options...
moore_capital54 Posted July 28, 2011 Author Share Posted July 28, 2011 I believe their returns. But I do have a hard time understanding their confidence in the russian equity markets. That being said, these guys owned at one point 5% of Gazprom and sold it way too soon. IF they had held their stake would be worth close to $10B. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now