Anthony Scilipoti
๐ค SpeakerAppearances Over Time
Podcast Appearances
No one else does that.
And most people just say, well, it's okay.
It doesn't matter.
Well, actually, that's what matters.
So again, I've sat with management teams and you go through their 10K and then you see a list of all their operating subsidiaries and you see the different places that they're operating.
Again, the thing about investing today is there's so much pressure on the analysts to cover more stocks.
The money management fees today are a fraction of what they were even a decade ago.
So the companies that are doing the investing, the fixed cost of doing investing, like paying the audit, doing the back office, all that stuff, yes, it's come down a bit, but it's still there.
All that's been squeezed is the cost of the money management.
So they're having to look for shortcuts.
Yeah.
And that means just give me the number, Anthony.
Just give me that one number.
I just want that one number.
And then you get the one number that management gives them.
And then they just accept that and move on.
So just being, you know, I think you asked the question, is being complicated a problem?
Well, it's just, why is it happening?
And you go back to nothing happens without a reason.
Then you point to some company operating in the British Virgin Islands that's listed on the list and go, what does this company do?