Putting your money where your mouth is!

In my recent post, I quoted Barry diller. He claimed that he was confident of the company's future. Besides owning a considerable stake in expedia itself, he has also excercised options to get a larger stake in the company.

All in all, he bought 9,500,000 shares at a price of $8.59. Altogether, he spent approximately 81 million dollars in the company. Barry diller alone is worth 1.3 billion. To me, he just invested 6.2% of his net worth acquiring these shares.

Actions speak louder than words and it seems that he just means what he says. Do refer to my previous article on expedia. http://valueinvestorhaven.blogspot.com/search?q=expedia


Better and better,
Lucas