A friend of mine recently told me that a private equity firm was about to buy his family business. He was surprised when I advised against it. He explained his father wanted to retire with a nest egg from the sale. I asked, “Well what are you going to do for the rest of your […]

“In other words, it didn’t matter that the failing banks didn’t pee in the pool, other banks did. And in banking, like life, the notion of a peeing and a non-peeing section in a swimming pool is meaningless.” – Paul Kedrosky If you didn’t already know that Paul Kedrosky was NOT a graduate of the […]

Over the years, I’ve played in a lot of casinos that were ill kept and past their primes. I played at the New Frontier in Vegas (since imploded) where the number of security guards outnumbered the patrons. And only a fool wouldn’t ask for an escort to their room — down a long corridor to […]