Author Topic: OSTK - Overstock.com  (Read 143206 times)

Parsad

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Re: OSTK - Overstock.com
« Reply #430 on: August 23, 2019, 12:15:45 AM »
16 minutes interview with Patrick : https://www.youtube.com/watch?v=T5J-1rs1LJo

Can someone please explain what are his claims ? As a non American I am lost in the story...
What he says Warren said doesn't sound like Buffett to me.
He calls one of the interviews a fool  ::)

The man is a brilliant, amazing guy, but where reality meets fiction...the line has become deeply lost...I'm not sure Patrick knows where that line is any more.  If he had spent half as much energy on Overstock as he did on everything else, there would be no Wayfair.com right now, and Overstock.com would be Pepsi to Amazon's Coca-cola.

Alot of the stuff that happened earlier with the hedge funds and covered in Deep Capture was real.  He was getting threats up the ying-yang and was messing with alot of people that most would not.  Even I was warned by a couple of people not to write about the whole Fairfax/Overstock.com/hedge fund saga...that these people were dangerous and could hurt me.

The Patrick I'm watching in this interview seems dangerously close to a nervous breakdown, if not in the middle of one.  I'm feeling deeply sorry for him at this moment, and his friends need to rally around him right now...regardless of the whole Deep State comments, etc.  Good luck to him! 

I know Jonathan Johnson won't be able to make Patrick do anything, but as one of his closest friends, make sure he's ok.  As for the other stuff, it will get dealt with and the chips will fall where they may. 

Incidentally, calling that jackass who commented on the Canadian lawsuit a fool was the most accurate thing Patrick said...the journalist/interviewer was a clown!  Cheers!
« Last Edit: August 23, 2019, 12:18:16 AM by Parsad »
No man is a failure who has friends!


Parsad

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Re: OSTK - Overstock.com
« Reply #431 on: August 23, 2019, 12:19:00 AM »
this is a crazy Fun fact (from Forbes article):

Byrne is the son of the late John “Jack” Byrne, a University of Michigan-trained mathematician and renowned insurance executive credited with turning around Geico in the mid-1970s and persuading Warren Buffett to invest in the auto insurer. Geico would eventually become one of the biggest contributors to Berkshire Hathaway’s bottom line, and Buffett once described Byrne’s father as “the Babe Ruth of insurance.”

Not fun fact...known fact for oh...50 years.   ;D  Cheers!
No man is a failure who has friends!

Foreign Tuffett

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Re: OSTK - Overstock.com
« Reply #432 on: September 10, 2019, 03:27:34 PM »
Ha anyone looked into the "digital preferred dividend" OSTK is supposed to pay later this month? Seems like an elaborate plan to burn short sellers. I would think that this sort of thing violates a host of arcane regulations and market rules.

Gregmal

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Re: OSTK - Overstock.com
« Reply #433 on: September 18, 2019, 06:16:03 AM »
Ha anyone looked into the "digital preferred dividend" OSTK is supposed to pay later this month? Seems like an elaborate plan to burn short sellers. I would think that this sort of thing violates a host of arcane regulations and market rules.

https://nypost.com/2019/09/17/ex-overstock-ceo-planned-crypto-dividend-to-thwart-short-sellers/

Pretty neat. Kind of annoyed I missed that trade. Setup was definitely there.

TwoCitiesCapital

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frank87

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Re: OSTK - Overstock.com
« Reply #435 on: September 18, 2019, 02:02:28 PM »
I truthfully can't understand why some think of him as "brilliant". He might have high horsepower but he seems rudderless and is probably utterly crazy.

OracleofCarolina

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Re: OSTK - Overstock.com
« Reply #436 on: September 18, 2019, 03:39:24 PM »
Sheesh..Byrne sold all of his shares over past 3 days..

mwtorock

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Re: OSTK - Overstock.com
« Reply #437 on: September 19, 2019, 05:45:28 AM »

Cigarbutt

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Re: OSTK - Overstock.com
« Reply #438 on: September 19, 2019, 06:38:14 AM »
Mr. Patrick Byrne is clearly a bizarre persona but it does not mean that he is wrong about everything.

Cevian

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Re: OSTK - Overstock.com
« Reply #439 on: September 19, 2019, 08:17:39 AM »
Starting to remind me of Bobby Fischer.