Intriguing to see that the Daily Telegraph reports that the legendary George Soros has bought a stake in Manchester United with no dividend and practically no voting rights.
The paper reports that the 3,114,588 shares purchases amount to a 7.85% stake in the second coming/newly floated club.
Interestingly in the same article the paper also reports that Soros purchased 341,000 shares in Facebook last week which seems very much against the tide and wave of selling.
Is there a lesson there for us wannabe's with Buffett, Munger, and Soros, all in their 80's?
Is it the case that their life experience means that they really have seen it all before (any number of times) and learnt the lessons.
I only hope I can learn a smidgeon of it before I get to my 80's.
Added:
I didn't just think it all added up and it appears that 7.85% is a reference to the proportion of A shares bought which appears to equate to a near 1.9% stake as reported elsewhere (http://www.bbc.co.uk: Manchester United: George Soros invests in football club). Confusing to say the least!
Related article link:
- http://www.telegraph.co.uk: George Soros takes 7.85pc stake in Manchester United
- http://www.bbc.co.uk: Manchester United: George Soros invests in football club
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