Q: What do you look for in talent? https://youtu.be/uN2Dw8AOdMk?t=702
RC: "Well a really really strong work ethic, someone who is very very very hungry. Will is embedded into you at a very very young age, skills you can acquire, you can learn, so I look for someone who's got a chip on their shoulder, someone who you know comes from a broken family, someone who was bullied as a kid, someone who is an immigrant and really has had to fight and is just incredibly hungry. Those are the kind of people that I like, and it's hard to find, and it's getting much harder to find, but those are the kinds of people that I'm attracted to."
Regarding the meaning of Jun 3 2021 tweet, SEARS being chomped: https://youtu.be/uN2Dw8AOdMk?t=960
RC: "I think there are a lot of similarities, alot of potential similarities"
Regarding the meaning of Jul 23 2021 tweet of a toilet computer office setup: https://youtu.be/uN2Dw8AOdMk?t=987
RC: "That's a very efficient setup by the way, and I do my best work on the toilet." https://youtu.be/uN2Dw8AOdMk?t=1132
Joe Fonicello: "you don't spend hours thinking about these, making sure it's at the exact certain time or something like that?"
RC: "no, no, no."
Regarding May 12, 2021 tweet of RC in a GameStop store holding a scooter: https://youtu.be/uN2Dw8AOdMk?t=1218
Joe Fonicello: "...these are the kind of things we look at."
RC: "Every detail matters."
Joe Fonicallo: "yea, of course, people were looking at the games on the rack, people thought maybe there was a message there. There wasn't one, right, no message in the games?"
RC: "No there wasn't, no."
Regarding Jun 27, 2022 tweets on current investing environment and hedge fund behavior: https://youtu.be/uN2Dw8AOdMk?t=1278
RC: "... alot of these structures are set up where it's 'heads I win, tails you lose', like they make money regardless of whether they outperform the S&P500. So, I don't really understand that concept. I think anyone that's managing money, there shouldn't be ulterior motives, and so I'm not really a fan of management fees, I think it's misaligned with investors, and there's clearly also unprecendented inflation and a growing wealth gap and it's complicated what the solution is because this has been going on for a long time."
RC is asked, 'how do you change it'
RC tweet response: "Directors should comprise of owners who bought shares with their own money."
RC regarding this tweet: "Yea I think that's the simple and most effective solution. You've got a boardroom full of owners risking their own capital, you tend to think differnetly when - it's very very different when something is given to you and it's risk-free compensation and regardless how the business does you end up making money versus you actually bought shares with your own money and you serve on a board. So you spend a lot more time on the actual business and business risks and how the business is going to allocate capital, as opposed to everything in the name of corporate governance and hiring compensation consultants, and overpaying executives -- people behave differently when they're risking their own capital, so that's what I think the solution is."
RC regarding March 15 2022 tweet: https://youtu.be/uN2Dw8AOdMk?t=1589
"...I think it's interesting that if you're long, you have to disclose those positions, but if you're short you don't have to... it should be the same rules that apply to short sellers that are long certain positions"
RC regarding July 5 2022 tweet: https://youtu.be/uN2Dw8AOdMk?t=1775
RC: "corporate America is littered with risk-free compensation and overpaid executives and it's deeply deeply disturbing to see what's going on and the level of wealth inequality in this country..."
Q: "Do you consider yourself a libertarian?" https://youtu.be/uN2Dw8AOdMk?t=1957
RC: "Yea, you know generally speaking, the larger and more powerful the government is, the less freedom people have. So I'm in favor of people having more freedom. I think that the greatest advances in society come from the private markets, and that ultimately is capitalism. If you look at the level of innovation in this country, you know from the likes of technology companies as an example, that's an American phenomenon, so in general I'm in favor of more freedom for people."
RC regarding selling of BBBY position: https://youtu.be/uN2Dw8AOdMk?t=2249
Q: you sold that position, why?
RC: "I have a standstill with the company so I have to be careful what I say, so I'll speak more in generalities, my views of the business clearly changed, and I was highly critical of the strategy and in the letter that I put out, in general, it's rare to see a company go from aggressively repurchasing shares to losing alot of money. And so you know when I saw that and I saw the results, my views changed of the business and ultimately I sold."
Q: "You've shared before that everything you know you learned by following in the footsteps of your father, Ted Cohen. What would you say to him if he was still with us?" https://youtu.be/uN2Dw8AOdMk?t=2320
RC: "A lot. I spoke to my father a few hours a day, so I don't even know where I would start ...he would get a kick out of watching everything that's going on. What would I say to him? What would I say to him about what? We'd have a lot to talk about, it would be a very long discussion and I wouldn't know where to start."
Q: "You have a very strong fanbase, what final remarks would you like to leave them with?" https://youtu.be/uN2Dw8AOdMk?t=2343
RC: "I have a very similar sense of humor, I get a kick out of some of the content that gets posted online. It's good, it's very very very good, and some of the content that gets posted online, alot of work goes into it, and it's hilarious. It's right up my alley in terms of that kind of sense of humour. The more provocative the better, I told you I got a really dark sense of humor. So, if it's a long stressful day, there's nothing better than seeing some of the content that gets posted online. The memes -- you know me being a crossdresser, some of those you know I look pretty good in some of those..."
Honestly no, you should buy the magic Dell Eye-Bullet instead. Way better pixel-to-death ratio IMHO.