Epstein Secrets

on page 22) EFTA00300985 Page 22 Alex Magaro rich valuations. What happens to enable Meritage to b

Phelan of MSD Capital discusses lessons learned over decades of investing with men- tors such as Richard Rainwater, Sam Zell. Eddie Lampert. and Michael Dell. John offers Insights into the development of MSD Capital as well as his own devel- opment as an investor and PM, while shedding light on challeng

s are all risk averse. None of them need to get rich; their goal is to stay rich. It's a big differen

sm can fail long- term shareholders when companies are sold at the wrong time, but those cases don't make for good drama like BKF or JCPenney. : Michael Dell did say that that's what he would have done if he had been the CEO of Apple at that time, but he didn't go activist. JG: Yes. I thought there wo

e scenario for any businessman is that you have a rich, dumb competitor." - John Malone "Ideas are comm

e nightmare scenario for any businessman is that you have a rich, dumb competitor." - John Malone "Ideas are commodity. Execution of them is not." - Michael Dell "The only duty of a corporate executive is to widen the moat." - Charlie Munger "Discovering the object of the game IS the object of the game." - D

lite Chinese on television and envying the newly rich from Shanghai and Guangzhou who buy Louis Vuitto

because their hometown is there and they can go there and still work for my company.' This is the next evolution." He has many more choices. Added Michael Dell, founder of Dell Inc.: "I always remind people that 96 percent of our potential new customers today live outside of America." That's the rest of th

elite Chinese on television and envying the newly rich from Shanghai and Guangzhou who buy Louis Vuitton

they can go there and still work for my company.' This is the =ext evolution." He has many more choices. 3 EFTA_R1_01431455 EFTA02397877 Added Michael Dell, founder of D=ll Inc.: "I always remind people that 96 percent of our potential new cu=tomers today live outside of America." That's the rest of the