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John Paulson on Bank of America and Gold
The folks over at Dealbook have Paulson’s 3Q investor letter up. The letter is peppered with his insights from stocks to defaulted bonds. What I wanted to do though, was highlight a few parts of the...
View ArticleIndyMac thrives as OneWest
If you looked back at the S&L crisis, sharp investors like Gerald Ford managed to make huge returns by acquiring the carcasses of failed banks, infusing them with capital, and picking off credits...
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Malcolm Gladwell on Entrepreneurship
This week’s New Yorker has a great article (New Yorker digital subscribers click here) by Malcolm Gladwell on entrepreneurship. Gladwell finds that entrepreneurs are actually not the high octane...
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