The Word On The Street
Is Heard By All, But Only A Few Listen

You learn in this business: If you want a friend, get a dog

In takeovers, the metaphor is war. The secret is reserves. You must have reserves stretched way out ahead. You have to know that you could buy the company and not be stretched.

I look at companies as businesses, while Wall Street analysts look for quarterly earnings performance. I buy assets and potential productivity. Wall Street buys earnings, so they miss a lot of things that I see in certain situations.

One of the hidden 'assets' in many companies is top management: get rid of them and the value goes up. What's going on in companies these days is absurd. It's like a corporate welfare state. We're supporting managements who produce nothing. No, it's really worse than that. Not only are we paying these drones not to produce, but we're paying them to muck up the works

It is our opinion that the elements of today's economic environment have combined in a unique way to create large profit making opportunities with relatively little risk.

I enjoy the hunt much more than the 'good life' after the victory.