77 Quotes by Whitney Tilson

The relative illiquidity of small-company shares - which often contributes to their being undervalued - also increases their volatility.

There's a real company in Facebook and then a lot of pretenders riding their coat tails.

While there's always plenty of room for improvement, our government is actually quite effective and efficient. Our military and judicial systems and national parks are the best in the world. Unlike in countries where government corruption is rampant, I've never once been solicited for a bribe.

Most chief executives rise to that position by being good operating managers. Few have extensive experience or training with capital allocation. What CEO wants to return excess cash to shareholders when it could be used to expand his or her empire?

As in most subjects relating to money management, there's a wide diversity of opinion on portfolio concentration versus diversification.

It's difficult to fix a truly broken business, but when it happens, the returns can be extraordinary.

We call ourselves 'opportunistic value investors.'

Mueller is the leading North American provider of water infrastructure and flow control products - things such as fire hydrants, valves, pipes, fittings, and couplings. While this is no doubt a mundane business, it is also an excellent one.

I am part of the 1 percent of the 1 percent. By that, I mean that I am fortunate to be a wealthy American, and I say, 'It's okay to raise my taxes.'