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Unlike other minority shareholders who are dissatisfied with Eric's interception of Firefly Group's profits for stock investment, Buffett is most worried that Eric will do this with a completely speculative mentality.
However, during the conversation with Eric, Buffett gradually understood that Eric had a clear idea and clear purpose for the operation of the Clover Fund.
Although it is not clear where Eric's strong confidence in the profitability of this investment comes from, he can be sure that since Eric is not blind enough to lose his mind, he will definitely choose to stop at the right time instead of Like those stock speculators with a gambler's mentality, they hold on to the last moment until the stock crashes before regretting it.
Moreover, Eric's attitude towards this matter in his seemingly joking words is also very clear: If anyone is dissatisfied with the business strategy of Firefly Group, Firefly Group can buy back the stocks held by the other party at any time.
Even if the value of the shares held by all external shareholders of Firefly Group is as high as more than 26 billion US dollars, Buffett has no doubt that Eric has the strength to obtain enough funds to repurchase the shares of Firefly Group.
According to the best 3A credit rating of Firefly Group and the current ultra-low debt ratio of less than 10% relative to the company's market value, Firefly Group can issue corporate bonds of up to tens of billions of dollars at any time for stock repurchase. Banks are also very happy to provide huge loans to Firefly Group.
What's more, as long as Wall Street is a little shrewd investment managers, they will only want to get more shares of Firefly Group, and only fools will make a move to sell.
In short, only those companies with very poor operating or financial conditions will the major shareholders or management make compromises under the pressure of small and medium shareholders to sell their stocks. The Firefly Group does not have any weakness in this area, and Eric has 100% control over the Firefly Group, and can run the company according to his own wishes.
Buffett is naturally very aware of this. After chatting with Eric, he completely gave up the idea of persuading Eric. He just passed on some of his past experience to Eric like an elder.
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Unlike other minority shareholders who are dissatisfied with Eric's interception of Firefly Group's profits for stock investment, Buffett is most worried that Eric will do this with a completely speculative mentality.
However, during the conversation with Eric, Buffett gradually understood that Eric had a clear idea and clear purpose for the operation of the Clover Fund.
Although it is not clear where Eric's strong confidence in the profitability of this investment comes from, he can be sure that since Eric is not blind enough to lose his mind, he will definitely choose to stop at the right time instead of Like those stock speculators with a gambler's mentality, they hold on to the last moment until the stock crashes before regretting it.
Moreover, Eric's attitude towards this matter in his seemingly joking words is also very clear: If anyone is dissatisfied with the business strategy of Firefly Group, Firefly Group can buy back the stocks held by the other party at any time.
Even if the value of the shares held by all external shareholders of Firefly Group is as high as more than 26 billion US dollars, Buffett has no doubt that Eric has the strength to obtain enough funds to repurchase the shares of Firefly Group.
According to the best 3A credit rating of Firefly Group and the current ultra-low debt ratio of less than 10% relative to the company's market value, Firefly Group can issue corporate bonds of up to tens of billions of dollars at any time for stock repurchase. Banks are also very happy to provide huge loans to Firefly Group.
What's more, as long as Wall Street is a little shrewd investment managers, they will only want to get more shares of Firefly Group, and only fools will make a move to sell.
In short, only those companies with very poor operating or financial conditions will the major shareholders or management make compromises under the pressure of small and medium shareholders to sell their stocks. The Firefly Group does not have any weakness in this area, and Eric has 100% control over the Firefly Group, and can run the company according to his own wishes.
Buffett is naturally very aware of this. After chatting with Eric, he completely gave up the idea of persuading Eric. He just passed on some of his past experience to Eric like an elder.
Unlike other minority shareholders who are dissatisfied with Eric's interception of Firefly Group's profits for stock investment, Buffett is most worried that Eric will do this with a completely speculative mentality.
However, during the conversation with Eric, Buffett gradually understood that Eric had a clear idea and clear purpose for the operation of the Clover Fund.
Although it is not clear where Eric's strong confidence in the profitability of this investment comes from, he can be sure that since Eric is not blind enough to lose his mind, he will definitely choose to stop at the right time instead of Like those stock speculators with a gambler's mentality, they hold on to the last moment until the stock crashes before regretting it.
Moreover, Eric's attitude towards this matter in his seemingly joking words is also very clear: If anyone is dissatisfied with the business strategy of Firefly Group, Firefly Group can buy back the stocks held by the other party at any time.
Even if the value of the shares held by all external shareholders of Firefly Group is as high as more than 26 billion US dollars, Buffett has no doubt that Eric has the strength to obtain enough funds to repurchase the shares of Firefly Group.
According to the best 3A credit rating of Firefly Group and the current ultra-low debt ratio of less than 10% relative to the company's market value, Firefly Group can issue corporate bonds of up to tens of billions of dollars at any time for stock repurchase. Banks are also very happy to provide huge loans to Firefly Group.
What's more, as long as Wall Street is a little shrewd investment managers, they will only want to get more shares of Firefly Group, and only fools will make a move to sell.
In short, only those companies with very poor operating or financial conditions will the major shareholders or management make compromises under the pressure of small and medium shareholders to sell their stocks. The Firefly Group does not have any weakness in this area, and Eric has 100% control over the Firefly Group, and can run the company according to his own wishes.
Buffett is naturally very aware of this. After chatting with Eric, he completely gave up the idea of persuading Eric. He just passed on some of his past experience to Eric like an elder.
Unlike other minority shareholders who are dissatisfied with Eric's interception of Firefly Group's profits for stock investment, Buffett is most worried that Eric will do this with a completely speculative mentality.
However, during the conversation with Eric, Buffett gradually understood that Eric had a clear idea and clear purpose for the operation of the Clover Fund.
Although it is not clear where Eric's strong confidence in the profitability of this investment comes from, he can be sure that since Eric is not blind enough to lose his mind, he will definitely choose to stop at the right time instead of Like those stock speculators with a gambler's mentality, they hold on to the last moment until the stock crashes before regretting it.
Moreover, Eric's attitude towards this matter in his seemingly joking words is also very clear: If anyone is dissatisfied with the business strategy of Firefly Group, Firefly Group can buy back the stocks held by the other party at any time.
Even if the value of the shares held by all external shareholders of Firefly Group is as high as more than 26 billion US dollars, Buffett has no doubt that Eric has the strength to obtain enough funds to repurchase the shares of Firefly Group.
According to the best 3A credit rating of Firefly Group and the current ultra-low debt ratio of less than 10% relative to the company's market value, Firefly Group can issue corporate bonds of up to tens of billions of dollars at any time for stock repurchase. Banks are also very happy to provide huge loans to Firefly Group.
What's more, as long as Wall Street is a little shrewd investment managers, they will only want to get more shares of Firefly Group, and only fools will make a move to sell.
In short, only those companies with very poor operating or financial conditions will the major shareholders or management make compromises under the pressure of small and medium shareholders to sell their stocks. The Firefly Group does not have any weakness in this area, and Eric has 100% control over the Firefly Group, and can run the company according to his own wishes.
Buffett is naturally very aware of this. After chatting with Eric, he completely gave up the idea of persuading Eric. He just passed on some of his past experience to Eric like an elder.
Unlike other minority shareholders who are dissatisfied with Eric's interception of Firefly Group's profits for stock investment, Buffett is most worried that Eric will do this with a completely speculative mentality.
However, during the conversation with Eric, Buffett gradually understood that Eric had a clear idea and clear purpose for the operation of the Clover Fund.
Although it is not clear where Eric's strong confidence in the profitability of this investment comes from, he can be sure that since Eric is not blind enough to lose his mind, he will definitely choose to stop at the right time instead of Like those stock speculators with a gambler's mentality, they hold on to the last moment until the stock crashes before regretting it.
Moreover, Eric's attitude towards this matter in his seemingly joking words is also very clear: If anyone is dissatisfied with the business strategy of Firefly Group, Firefly Group can buy back the stocks held by the other party at any time.
Even if the value of the shares held by all external shareholders of Firefly Group is as high as more than 26 billion US dollars, Buffett has no doubt that Eric has the strength to obtain enough funds to repurchase the shares of Firefly Group.
According to the best 3A credit rating of Firefly Group and the current ultra-low debt ratio of less than 10% relative to the company's market value, Firefly Group can issue corporate bonds of up to tens of billions of dollars at any time for stock repurchase. Banks are also very happy to provide huge loans to Firefly Group.
What's more, as long as Wall Street is a little shrewd investment managers, they will only want to get more shares of Firefly Group, and only fools will make a move to sell.
In short, only those companies with very poor operating or financial conditions will the major shareholders or management make compromises under the pressure of small and medium shareholders to sell their stocks. The Firefly Group does not have any weakness in this area, and Eric has 100% control over the Firefly Group, and can run the company according to his own wishes.
Buffett is naturally very aware of this. After chatting with Eric, he completely gave up the idea of persuading Eric. He just passed on some of his past experience to Eric like an elder.
Unlike other minority shareholders who are dissatisfied with Eric's interception of Firefly Group's profits for stock investment, Buffett is most worried that Eric will do this with a completely speculative mentality.
However, during the conversation with Eric, Buffett gradually understood that Eric had a clear idea and clear purpose for the operation of the Clover Fund.
Although it is not clear where Eric's strong confidence in the profitability of this investment comes from, he can be sure that since Eric is not blind enough to lose his mind, he will definitely choose to stop at the right time instead of Like those stock speculators with a gambler's mentality, they hold on to the last moment until the stock crashes before regretting it.
Moreover, Eric's attitude towards this matter in his seemingly joking words is also very clear: If anyone is dissatisfied with the business strategy of Firefly Group, Firefly Group can buy back the stocks held by the other party at any time.
Even if the value of the shares held by all external shareholders of Firefly Group is as high as more than 26 billion US dollars, Buffett has no doubt that Eric has the strength to obtain enough funds to repurchase the shares of Firefly Group.
According to the best 3A credit rating of Firefly Group and the current ultra-low debt ratio of less than 10% relative to the company's market value, Firefly Group can issue corporate bonds of up to tens of billions of dollars at any time for stock repurchase. Banks are also very happy to provide huge loans to Firefly Group.
What's more, as long as Wall Street is a little shrewd investment managers, they will only want to get more shares of Firefly Group, and only fools will make a move to sell.
In short, only those companies with very poor operating or financial conditions will the major shareholders or management make compromises under the pressure of small and medium shareholders to sell their stocks. The Firefly Group does not have any weakness in this area, and Eric has 100% control over the Firefly Group, and can run the company according to his own wishes.
Buffett is naturally very aware of this. After chatting with Eric, he completely gave up the idea of persuading Eric. He just passed on some of his past experience to Eric like an elder. (To be continued.)