It is amazing how people come out guns blazing after the fact. Harry Hindsight is a great guy. If you are one of those people saying “I told you so” about Steinhoff then you and Harry are one and the same. I want to know where you were in the months leading up to the collapse.
I am not saying Steinhoff is not a mess. It is. I am just wondering how many people really saw it coming… if they are really truly honest with themselves. If anything, I think this is a prime example of how we can’t predict the future. In my opinion, it is not worth making bold investment calls. Why bet the house on a single idea?
There is a guy in Omaha that owns many different businesses such as insurers, candy companies, furniture stores and so forth. He may just be onto something.