Six Flags Stock Price

My most refined dislike is for private equity. That something intended to build value consistently does the opposite is a real head scratcher.

It’s not designed to build value so much as generate shareholder value. Those aren’t necessarily the same.

Value is in the eye of the beholder. In terms of returns to investors, private equity firms on average generate higher returns than major stock indices with many significantly higher.

But value to investors doesn't exist in a vacuum. Creating value for investors without creating value for some other constituency group(s) is like bringing down the cost of living; easier said than done.

"Value" to me is a sustainable business. I'm sure there are example of PE-owned businesses that got closer to that, but I've seen and worked for far more that went the other way.

Way too stupid to pick winners and losers, I just buy them all. VTI and chill forever.

Most people whose job it is to pick winners and losers for client's investments don't beat the market. So, index funds would be better for them too. But they couldn't charge their clients the same fees to put them into index funds.

EDITED for revised lowest price today: With today's gloomy news about Saudia Arabia cancelling oil shipments to Europe for October delivery, the market has been down most of the day. Six Flags hit a new 52Week low today, $12.00. (previously $12.14)

I'd be very careful if anyone is tempted to "buy the dip".

EDIT: Breaking through the $12.00 mark would be a bad sign. For all the math and algorithms in stock pricing, there is still emotional/pshychological impact in crossing certain price points. if it actually touches $11.99, there's no telling how fast it could drop to $11.01. (or conversely be seen as super cheap and time to load up). Either way it could be volatile