Is the Macquarie model dead? No. But it is not an easy model to replicate either (or make work when borrowing money is no longer cheap and easy). You have to be discrete about the assets you buy and not over pay for them. And frankly, not many people can make money trying to be like Warren Buffett, buying assets and managing them better than people who work in the business full time. Wall Street operatives invaded the boardrooms of global corporations…
June 18th, 2008 | Dan Denning | 2 comments | Continued