Lumber Liquidators LL Tesla Whitney Tilson K12 Questcor Pharmaceuticals QCOR

Whitney Tilson Gets In Fight Over Wayfair Inc (W)

Whitney Tilson’s reply to an email he received from a Wayfair Inc (W) investor? Tilson is short the stock.

I got this email yesterday:

Mr. Tilson,

I would respectively appreciate you removing my email address from future contact..I hope you lose not only money but respect over your recent attacks on Wayfair. You may have started out years ago learning from Warren Buffet but he would never stoop to the level you have recently trying to force feed your short position by accusing a really good company of “poisoning” their customers..I know people that work at Wayfair and I am extremely offended by your actions..I was in the brokerage business for 40 years and have been a Berkshire holder for 20 years and this is not what value investing is supposed to look like..I have no idea if Wayfair will go up or down but in the short run many people hope you lose and maybe learn something..I will sign this message.

Whitney Tilson’s reply: Wayfair has stopped selling the toxic products

Here was my reply:

I know Buffett personally and I’m quite certain he’d support me exposing a company that’s selling a dangerous product to unsuspecting American families.

I’ve made it clear that, unlike LL, I don’t think the mgt of Wayfair is knowingly doing so, but their sloppiness in sourcing (and business model, in which they rely on nothing more than assurances from 7,000+ suppliers) have led to them selling toxic products nevertheless.

As a result of my actions, Wayfair has stopped selling the toxic products I’ve identified (both laminate flooring and two items of furniture — so far) and hopefully will implement a proper compliance program to identify other toxic products they might be selling now and make sure this doesn’t happen in the future.

I think it’s wonderful when I can both do my job and do good for the world.

You’re off my list.

Best,

Whitney

Wayfair

Whitney Tilson

LEAVE A COMMENT


X
Saved Articles
X
TextTExtLInkTextTExtLInk

The Life and Career of Charlie Munger

Charlie is more than just Warren Buffett’s friend and Berkshire Hathaway’s Vice Chairman – Buffett has actually credited him with redefining how he looks at investing. Now you can learn from Charlie firsthand via this incredible ebook and over a dozen other famous investor studies by signing up below:

  • Learn from the best and forever change your investing perspective
  • One incredible tidbit of knowledge after another in the page-turning masterpiece of a book
  • Discover the secrets to Charlie’s success and how to apply it to your investing
Never Miss A Story!
Subscribe to ValueWalk Newsletter. We respect your privacy.

Are you an intelligent investor?

ValueWalkPremium is a website and newsletter for smart investors like yourself. We focus on the latest hedge fund industry news much of which is not in the public domain and obtained via our sources.

We also have 10 years of resources on how to use this information to better your investment process.

Sign up for  today for only a few dollars a day and get a 3 day no obligation trial with a targeted 20% discount coupon code.

Cancel anytime during trial and you are never charged.

Limited time offer: For first 50 subscribers

0