Lecture 4: An Investor Discusses a Distressed Technology Company

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The war stories continue.   In this lecture an experienced investor speaks about how he found, valued and managed his investment in a distressed technology company, MIPS Technologies, Inc.

Lecture embedded below:

Class Notes #4 Investor Buying Distressed Tech Company

This Tiger grand-cub was flat during Q2 but is ready for the return of volatility

Tiger Legatus Master Fund was up 0.1% net for the second quarter, compared to the MSCI World Index's 7.9% return and the S&P 500's 8.5% gain. For the first half of the year, Tiger Legatus is up 9%, while the MSCI World Index has gained 13.3%, and the S&P has returned 15.3%. Q2 2021 hedge Read More


You may wish to revist this depending upon your level of investing knowledge.  You should learn about one type of search strategy to find unreflective (uneconomic) forced selling.

Remember that reading a case study about investing is a bit like reading about sex or sky-diving.  Doing is different than observing.  Can you act calmly and rationally during a bear market to buy a company after a huge price decline assuming there is value above price?  A severe bear market (1929, 1974, 1987, 2008) feels like this (go to 1 minute 45 seconds of this video)http://www.youtube.com/watch?v=P6PhbLxLGno. Would you be able to act on an opportunity feeling such fear?

I would be interested in readers thoughts on what they learned or what they question.

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