“As the manager of my hedge fund, I’ve shorted the stocks of over two hundred companies that have eventually gone bankrupt. Many of these businesses started out with promising, even inspired ideas: natural cures for common diseases, for example, or… — Scott Fearon Copy Share Image
“people in management positions, even very senior management positions, are often completely wrong about the fortunes of their own companies. More important, in making these misjudgments, they almost always err on the side of excessive optimism. They think their businesses are in much better shape than they actually are. Jerry’s rig utilization chart at Global Marine and our own CFO’s… — Scott Fearon Copy Share
“As the manager of my hedge fund, I’ve shorted the stocks of over two hundred companies that have eventually gone bankrupt. Many of these… — Scott Fearon Copy Share Image
“I was learning an important and fascinating lesson about business and human nature: Failure terrifies people. They’ll do whatever they have to do to… — Scott Fearon Copy Share Image
