Chris DeMuth Jr.'s  Instablog

Chris DeMuth Jr.
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Chris DeMuth Jr. is the founder of Rangeley Capital LLC. Rangeley is an investment firm that focuses on event driven, value-oriented investment opportunities. Rangeley Capital and his value investing forum, Sifting the World (StW), search the world for misplaced bets. Rangeley exploits them for... More
My blog:
Rangeley Capital on Harvest
My book:
Rangeley Capital Best Investment Ideas
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  • chicagomary
    , contributor
    Comments (417) | Send Message
     
    ugh,Chris. I just read we have the WORST performer this past week on the Naz;$celgz. Just goes to prove stats are NOT always right! If you count the $6.93/share we got added to $2,70, there was NO loss....not 69% loss as reported by Barron's today.
    13 Oct 2013, 04:21 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (11099) | Send Message
     
    Author’s reply » How funny. Every once in a while, due to some personal experience I happen to know something about some item in the press, as is the case with CELGZ and its supposedly poor performance. The likelihood that the press gets the facts even approximately correct typically runs slightly above 50/50. It makes me far more skeptical about all of the many stories that I don't happen to know about.
    13 Oct 2013, 04:29 PM Reply Like
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