I recently purchased a large parcel of shares in my real-life portfolio at an average price of $104 during the lows (I wasn't able to on Strawman as my capital was all tied up). My investment thesis wasn't necessarily focused on WTC itself, but rather on my belief that the market had overreacted to the negative news regarding the company's CEO. Insights shared on these forums, along with some of my own research, led me to believe that this was a company capable of continuing effectively without White at the helm. This understanding, along with the strong moat created by the company's software, gave me the confidence to pull the trigger.

I'm genuinely surprised by how far the stock has rebounded in such a short time, almost reaching its previous all time high of $139. Today I sold 30% of my holdings at $130.30, which was a difficult decision as I feel the stock may continue to rise and potentially set new highs soon. That said, I realized that my original thesis had played out, and it didn’t feel right to hold such a large position in a company I knew relatively little about. Although I've never previously sold portions of a holding as the price increased, I've seen many proficient investors here do so and decided there's no harm in taking some profits now.

In summary, turns out that this was a really good opportunity and anyone that jumped on it has done very well - congratulations. I thought I'd share this in the event that there's someone else struggling to make a decision like I was.

I, like a number of you have been reading the articles and wondering why a man who has more money than he can spend, is allowing a court case to proceed for what really is tip money for him. There might be more to the bankruptcy proceedings that has been detailed as of yet. I don't believe I am overstepping the mark when I say that RW has a particular fondness for attractive women, and he has the means and the abilities to do that. That being said, he has to be mindful of the distraction that his private life has on his role as the CEO and the very public face of WTC. I would personally prefer that he takes a sabbatical for 3 months or so, and let the heat die down, because at the moment, the AFR and the Australian are getting plenty of fodder and pictures to use.

RW is no doubt a very smart man and who is able to get "buy in" from staff and management and you don't get to have a company of his size without being an exceptional leader. Just doesn't all fall into place overnight.

I am going to wait and see what happens in the next couple of days, but I am ready to buy back into WTC, especially if the dive in share price continues. If RW steps aside, I will hold off buying and see how the big Insto's and the market react

Given all the distractions with the key person not being able to keep it in his pants, I would have to see a further fall to make this an obvious buy.

It’s back at my valuation midpoint. I’m mulling it over.

Thinking through what discount needs to be applied for management distraction and risk of a CEO change.

It is now a business that should not depend on one person. The strategy is clear and its brand and market leadership established.

However. as investors, we’ve not really had sight of the management below Richard. Add to this, it’s getting a new CFO.

Im thinking I’ll watch this play out, even though I would normally definitely be buying back my full position at these levels.

Disc. Not held