I have to say it though, in each case, the secret of his financial success was in making a very timely exit before everything went horribly wrong! Therein lies the genius.
(A drilling company, fir example, is one of the most leveraged, cyclical, capital intensive, high-maintenance businesses you could turn your hand to. You do not want to have ten unsaleable RC rigs in the yard, debt on six of them, and no work when commodity prices fall out of bed, as they regularly do!)
MHK Price at posting:
46.0¢ Sentiment: None Disclosure: Not Held
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