you are viewing a single comment's thread.
I was turned off by PLFE's investments in limited partnerships. How would I try to value them?
Yeh kind of funny as they have the LPs but I believe the sold their munis during the Meredith Whitney scare. How can you justify the LP risk and then sell munis?Oh well, book value has steadily increased since the 2008-2009 debacle. In the end it worked out okay, except they sold too cheap.