Author Topic: Sam Hinkie Letter  (Read 5363 times)

eclecticvalue

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Sam Hinkie Letter
« on: April 07, 2016, 08:50:25 AM »
Hey guys,

You might be wondering why I am posting this letter. Well he references many of the Value Investing greats. Especially Charlie and Warren. And he mentions about topics that value investors look into. It is a good read and I can't wait to read it again.

http://espn.go.com/pdf/2016/0406/nba_hinkie_redact.pdf


doughishere

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Re: Sam Hinkie Letter
« Reply #1 on: April 07, 2016, 09:14:27 AM »
"self-flagellation" just sounds wrong in any context.

premfan

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Re: Sam Hinkie Letter
« Reply #2 on: April 07, 2016, 09:27:44 AM »
Admiring greats like warren and seth is fine. But execution matters.  Results matter. Even progress matters. No talent and admiring the greats gets you nothing. Your record matters. I see a ton of people quoting greats ( marketing) and producing no results.  Get results.  Stop marketing and produce a product ( track record).

premfan

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Re: Sam Hinkie Letter
« Reply #3 on: April 07, 2016, 09:31:46 AM »
Hey guys,

You might be wondering why I am posting this letter. Well he references many of the Value Investing greats. Especially Charlie and Warren. And he mentions about topics that value investors look into. It is a good read and I can't wait to read it again.

http://espn.go.com/pdf/2016/0406/nba_hinkie_redact.pdf

You're rereading a letter from a GM that helped produce the worst three year record in nba history ( fact check me on this). Just because he mentioned value investors! Wow maybe a case study of fastenals and balchem's history would be a better allocation of time.
« Last Edit: April 07, 2016, 09:39:54 AM by premfan »

eclecticvalue

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Re: Sam Hinkie Letter
« Reply #4 on: April 07, 2016, 09:45:50 AM »
Yes I know it's about results. I just find it interesting he makes references to value investing and references to people like tetlock. The reason why I will read it again is I don't mind studying from failures. I hope he has success elsewhere.

premfan

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Re: Sam Hinkie Letter
« Reply #5 on: April 07, 2016, 09:53:07 AM »
Yes I know it's about results. I just find it interesting he makes references to value investing and references to people like tetlock. The reason why I will read it again is I don't mind studying from failures. I hope he has success elsewhere.

I respect that. Chamath palihapitiya owner of the golden state warriors was a early facebook executive that helped lead a team when he arrived to 30ish million users to 750 million when he left.  He started a partnership and mentions Berkshire as a model. I study winners.  I study the local successful  real estate investor not the high school janitor that quotes elon, seth, warren, and Bezos ( nothing wrong with janitor work just using this example in a business context).
« Last Edit: April 07, 2016, 09:56:30 AM by premfan »

eclecticvalue

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Re: Sam Hinkie Letter
« Reply #6 on: April 07, 2016, 10:17:59 AM »
I think at the end of the day. He should have accelerated the process. Instead of waiting to turn around in 5 years. He should have done it in 3 years. Also he isn't the owner, so he couldn't execute the 5 turnaround that he envisioned.

I would like to chat with him and pick his brain.
« Last Edit: April 07, 2016, 11:42:09 AM by eclecticvalue »

Gamecock-YT

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Re: Sam Hinkie Letter
« Reply #7 on: April 07, 2016, 10:26:08 AM »
Some more background on this: the NBA kind of forced the 6ers' hand here because the other teams were starting to complain. NBA handpicked the guy to come in as president. The writing was on the wall after that...

Dustin T

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Re: Sam Hinkie Letter
« Reply #8 on: April 07, 2016, 11:25:45 AM »
He may not have won many games but he invested in his teams future. He left the team loaded with draft picks. He may or may not have been successful in the long run, but I respect what he was trying to accomplish, I see a turnaround in the near future.

2016
1st round pick 76ers or Kings (Sixers get better of their own pick or Kings pick, assuming Kings pick falls in top-10).
1st round pick Lakers (unless it falls in the top 3)
1st round pick Heat (unless it falls in the top 10. Can swap with GSW if GSW pick is better)
1st round pick Thunder (unless it falls in top 15. Can swap with GSW if GSW pick is better)
2017
1st round pick 76ers or Kings (Sixers get better of their own pick or Kings pick).
2018
1st round pick 76ers
1st round pick Kings (top-10 protected, has to be 2 years after Kings pick to Chicago conveys)
2nd round pick 76ers
2nd round pick Nets or Cavs (whichever is better)
2nd round pick Clippers or Knicks (whichever is better)
2019
1st round pick 76ers
2nd round pick 76ers
2nd round pick Bucks or Kings (whichever is better)
2nd round pick Knicks
2020
1st round pick 76ers
2nd round pick 76ers
2nd round pick Nets
2nd round pick Knicks
2021
1st round pick 76ers
2nd round pick 76ers
2nd round pick Knicks
"If you're prepared to invest in a company, then you ought to be able to explain why in simple language that a fifth grader could understand, and quickly enough so the fifth grader won't get bored." -Peter Lynch

premfan

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Re: Sam Hinkie Letter
« Reply #9 on: April 07, 2016, 01:53:17 PM »
He may not have won many games but he invested in his teams future. He left the team loaded with draft picks. He may or may not have been successful in the long run, but I respect what he was trying to accomplish, I see a turnaround in the near future.

2016
1st round pick 76ers or Kings (Sixers get better of their own pick or Kings pick, assuming Kings pick falls in top-10).
1st round pick Lakers (unless it falls in the top 3)
1st round pick Heat (unless it falls in the top 10. Can swap with GSW if GSW pick is better)
1st round pick Thunder (unless it falls in top 15. Can swap with GSW if GSW pick is better)
2017
1st round pick 76ers or Kings (Sixers get better of their own pick or Kings pick).
2018
1st round pick 76ers
1st round pick Kings (top-10 protected, has to be 2 years after Kings pick to Chicago conveys)
2nd round pick 76ers
2nd round pick Nets or Cavs (whichever is better)
2nd round pick Clippers or Knicks (whichever is better)
2019
1st round pick 76ers
2nd round pick 76ers
2nd round pick Bucks or Kings (whichever is better)
2nd round pick Knicks
2020
1st round pick 76ers
2nd round pick 76ers
2nd round pick Nets
2nd round pick Knicks
2021
1st round pick 76ers
2nd round pick 76ers
2nd round pick Knicks

Thanks for sharing this data.  To use this data in a business context. This company( team) has a lot of assets that aren't earning a return. A activist would salivate to take control of this company and increase the earning power of the business. So this company (team) is a cigar butt. Time is its enemy.
« Last Edit: April 07, 2016, 01:54:52 PM by premfan »