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I might be stupid, but how did he lose $1 mil if he wanted to sell $200 mil worth and the stock fell 6%? Would that not make it more like $12 mil?
I'm kinda confused here... my math might be off though.
Also, NOONE ever said he would SELL the shares. All that was released was that he now _CAN_. I might have missed something there too though.
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"Think about it a little more and you'll agree with me, because you're smart and I'm right."
- Charlie Munger
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