About a week or so after BBBYQ filed Ch-11, IEP was shorted, losing approximately $24.3 billion over the next several months.
Imagine building IEP 38 years ago only to have someone slander and attack your business after you had provided shareholders over 1 trillion in added shareholder value via proxies and managing a stellar Master Unit Fund that yielded returns that often outperformed Berkshire during many fiscal years.
In fact IEP had returned investors 14.1% compared to Buffetโs 10.9% the year prior to get shorted by billions.
He then had to refinance his entire portfolio and assets to garner a loan, paying millions in interest.
I wonder what IEP will do after being soooo quiet since the almost $25 billion IEP lost in market cap
Stay tuned is my best guess
Retro Bastard ๐น
