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00:11:44 [Speaker Changed] So the rubbing of the chin occurred in October of 2012 when I wrote a memo to my partner in crime channel O’Reilly, who’s now my co-head on privates. And we have co-investors that we work with that are clients of ours that we want to be able to offer them the opportunity to invest also.
The fair market value of the cap is what the carrier paid the investmentbank to buy the 10% cap. He is also the Executive Editor of The Life Product Review since 2012. As you say, Well, the fair market value of the 10% cap is what the carrier paid the investmentbank to buy the 10% cap. Transcript 0:00:00.6
I mean, how is the CFP Board even going through a process of duediligence, again, innocent till proving guilty in the sense when they have all kinds of disclosures, but at the same time, they’re publicly reprimanding 40 people, 80 people, whatever the number is, in a given year, out of the tens of thousands. About Scott Salaske.
And then in 2012, I think Berkshire Hathaway initiated its buybacks with a cap, which is, you know, that they will do buybacks as long as the price was less than intrinsic value. DAMODARAN: We’re going to do our duediligence. We also tell them to do duediligence. RITHOLTZ: He was not a fan. RITHOLTZ: Right.
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