obiero wrote:VituVingiSana wrote:This article by Carol Musyoka adds to what I have been trying to get folks to understand.
http://www.businessdaily...1/-/odx65f/-/index.html
IF YOU DO NOT TRUST THE MANAGEMENT OF A FIRM THEN DO NOT INVEST IN THE FIRM.My first such significant loss was Olympia. Then KQ.
[I was lucky to recognize early on that Merali was a crook]
@kq management wasnt extremely crooked. what happened is that they stole and macro environment attacked at the same damn time! like a kid looking to steal only one teaspoon of sugar, then unfortunately the sugar jar tips over and breaks!
Ahhh! So KQ's management were just small-time crooks but crooks they were. A kickback from those selling hedges.
A kickback from the juice/soda supplier.
Just small time crooks being paid millions/month.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett