It’s kind of refreshing to see somebody blatantly carrying water for elmo without outright accusing anyone critical of his business acumen as spreading “FUD”
I don't have a process, I just don't think they are spending a huge amount of time on a 0.02% holding. Like hey, maybe they do have special insight and are not just acknowledging a disaster by hugely marking down their estimate.
I don’t mean to pile on but what would make you conclude that about Fidelity’s analyst operation? It’s a 50k employee company. They have entire departments that do mark to market analysis and accounting. Plus it’s a newsworthy holding and they have access to peers at other firms that might hold more, and access to Twitter.
I used to be part of a two man analyst department and even we’d have made time for this. :)
