He said let me tell you how to be rich. " The stock market is a place where wealth is transferred from the inpatient to the patient"
Then Munger said " watch what the big boys are doing and why they are doing it"
I followed the advice on GGP ( Ackman and Berkowich) and because a millionaire with 2 spin offs.
I now work part time - need not say more and I take afternoon nap.
conclusion: if Seth Klarman and Brandes are not selling ENZN I am holding my 100000 shares. this guys have royalty income portfolio and are making themselves to milk the honey from the company by way of dividend of a buy out at about $6-$10/share