Judgement Day, page-16

Joseph
Yes - buffet has lost money - 400m in one company , but his point is it’s still damaging as it makes the required return from other investments that much greater

Wazz- anyone with any brains who had the 15k worth of shares would have sold on market and picked up SPP shares with the free attaching option. Having said that it’s good for short term survival but raising money at .7c is not what I call a great outcome - highly dilutionary