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

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 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

eavors that have been rewarding. On the entrepreneurial side I brought the first personal computers into this country from both Japan and Korea pre Michael Dell. In the public policy arena I served as a trustee of the Hudson Institute and was very close to Herman Kahn it's founder before his untimely passin

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

America 0/0/00 0/0/00 Unspecified M.C. "Guilford (Gil) Forbes responsible for extrernal managers Rick Leferriere, Head of trading Tail risk? Michael Dell $12bn ($10 in house, $2 external) Normal False Normal www.msdcapital.com Morgan Stanley AIP West Conshohocken PA 19428 United States of A

avors that have been rewarding. On the entrepreneurial side I brought the first personal computers into this country from both Japan and Korea pre Michael Dell. In the public policy arena I served as a trustee of the Hudson Institute and was very close to Herman Kahn it's founder before his untimely passi

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

g name"=investor who'd demanded his money back. &nbs=; As it turns out, there were several big names -- including billionaires Paul Tudor Jones and Michael Dell, as well as an</=pan> executive at Och-Ziff Capital Management Group -- among the m=re than 125 people who had unwittingly poured cash into the=/sp