Friday, May 2, 2008
The Midas of Misery
Whether you call them value investors, or contrarians, vultures, or just good opportunists, some people do make money (and lots of it) in down times.The Midas of Misery: "Falcone is a Midas of Misery. With $19 billion—nearly 760 times the grubstake he started out with seven years ago—he is snapping up troubled assets in bankruptcy, shorting distressed bonds, and using huge stock positions to
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