Sunday, October 08, 2006 7:41:35 PM
Hmm once again allinone phrases his posts in a certain way that shows up AGAIN later on in a SLJB PR.
"If you have ever worked for a large corporation in a high management job here in the U.S. you will see level upon level of different companies established within the umbrella all intended to do one thing only. Protect the person at the top of the building in the fancy office from being sued. For you to get at my top of the office person, you would have to work your way through 12 platformed companies incorporated in many states without any connection by name or affiliation."
and another reference to this "umbrella operation"
"Common practice in developing a structure of companies all having a part in the supplying of products to the main builder although the builder also owns these companies somehow in their country corporate capabilities. Protects the main company from lawsuits. They set up companies which do not have any true value so if something happens and the lumber is not of the right quality and they still us it and it falls down, the supplier gets sued, in this case Wessal and not Emaar. It is like the army ants out protecting the queen ant."
Another thing that caught my eye in these posts was how he references the umbrella operation protecting the larger company(in this case, Emaar). I really do not like the way it is worded, as he makes it sound like SLJB is just a small piece of the puzzle that can be easily discarded if a problem arises. Maybe I took it the wrong way, but it seems worded like that.
"If you have ever worked for a large corporation in a high management job here in the U.S. you will see level upon level of different companies established within the umbrella all intended to do one thing only. Protect the person at the top of the building in the fancy office from being sued. For you to get at my top of the office person, you would have to work your way through 12 platformed companies incorporated in many states without any connection by name or affiliation."
and another reference to this "umbrella operation"
"Common practice in developing a structure of companies all having a part in the supplying of products to the main builder although the builder also owns these companies somehow in their country corporate capabilities. Protects the main company from lawsuits. They set up companies which do not have any true value so if something happens and the lumber is not of the right quality and they still us it and it falls down, the supplier gets sued, in this case Wessal and not Emaar. It is like the army ants out protecting the queen ant."
Another thing that caught my eye in these posts was how he references the umbrella operation protecting the larger company(in this case, Emaar). I really do not like the way it is worded, as he makes it sound like SLJB is just a small piece of the puzzle that can be easily discarded if a problem arises. Maybe I took it the wrong way, but it seems worded like that.
How to trade....
1. Find opportunities in your circle of competence.
2. Be greedy when others are fearful.
3. Buy when your margin of safety is highest.
