Epstein Secrets

tual car, you have to remember that the average selling price is nearly 5x an average car. You aren't paying the Ferrari labor force 5x what the GM labor force is being paid. We expect that there is leverage on labor. I think there has been limited disclosure on this because the options pack

w levered some companies were and the reality that it's senior to you. I think terminal value and leverage risk explains a lot of the undoing of Valeant's equity. As the market cap shrank investors increasingly focused on this $31 billion bolus of debt and rather than thinking about it as a sourc

why the economy is in "muddle." Have there been situations that you sourced through ill-advised buybacks or rollup acquisitions? Anything like Valeant (VRX) or in healthcare more broadly? MC: Well.. not an authority on Valeant. There are people I respect who are long this thing. That said, the

unmitigated disaster. New York Central was in trouble anyway. it's not like their problems were caused by activism. You can maybe even say the GM one, because Ross Perot didn't really get what he wanted. He got a lot of money. but he didn't change the company. JG: You have to wonder what

to the question, • you get so rich, Bernard? By selling too soon." It's a great line, and I am the quintessential sell-too-soon guy. I was long Valeant and I was selling the stock when it was at $200. While I don't feel that bad now. I felt bad at $250. but that was me getting out early. I had b

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billion in cash (trading +3.8%) • Chairman of SAB Miller South Africa steps down, consolidating SA & Africa into one (trading -0.46%) • Meda and Valeant terminate joint ventures in Canada, Mexico, Australia (will end in Q2) • Nestle's Peter Brabeck to step down as Chairman in 2017 according to Le Te