Federal Home Loan Mortgage Corporation (Freddie Mac)
FMCC
position
short
Charlie Munger
Thesis
Charlie Munger expressed discomfort with owning Freddie Mac due to concerns about management's integrity and the company's shift towards accumulating mortgages instead of securitizing them. He believes that the management's actions are corrupting a fundamentally good business and are not transparent about their strategies.
Did it work?
inconclusive
confidence: low
Without specific price performance data or a defined time frame since the pitch, it's difficult to assess whether the thesis has played out. The concerns raised by Charlie Munger regarding management integrity and strategic shifts could still be relevant, but without further information, we cannot determine the outcome of the investment thesis.
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