David Rosenthal: commitment

Transcript context

…You want that to be true when you make the investment, but you don't want to be very non-consensus for long. You want to be non-consensus and right. You just don't want anybody to see it until you make that bet. But you don't want to make that bet and then be sitting there for five years still non-consensus. Knowing the personalities involved, I can tell you exactly who said that, but we will protect their identity to protect the guilty here. But it is a great point. It is the point that I wanted to make in regard to eBay. That is the takeaway of, you seem a whack job buying the company that facilitates selling Beanie Babies which seems a nonmarket to within a year having—whatever it was—100,000% growth or something like that on that investment.…

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