Tell me where I’m going to die, that is, so I don’t go there.
– Charlie Munger
I’m planning to make this a series*. I hope looking at the “graveyard of capital” will make my actions more cautious. This should makes me a better Investor, as we know, rule no. 1 is not to loose money.
It’s always easier in hindsight but would you invest in this company based on this report?
*Btw. other companies I later want to look at are: Enron, Banca Monte dei Paschi di Siena, Saipem, Lehman Brothers …
But let’s begin with this: Valeant in Feb 2015
Valeant 2014 Annual Report (link)
Report Date: February 25, 2015
Price then 190 US-$