tag:blogger.com,1999:blog-8611810694571930415.post5319242159905732127..comments2024-03-19T03:07:15.293-04:00Comments on the daily howler: FROM BOTH SIDES NOW: What Fallows wrote is extremely dumb!<b>bob somerby</b>http://www.blogger.com/profile/02963464534685954436noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-8611810694571930415.post-11826954043852637702012-01-12T23:45:26.564-05:002012-01-12T23:45:26.564-05:00If that is what Bain did every time, explain Steel...If that is what Bain did every time, explain Steel Dynamics, a company Bain made an identical investment in and which operates very successfully today. <br /><br />Your depiction is only one of a large number of possible outcomes in what would be Bain's portfolio approach where not every deal works. That is why portfolio approach (buy a bunch of companies where the returns on the successful ones outstrip the losses or less successful ones) works. Know who else tries to buy undervalued companies? Buffett.Tom Mnoreply@blogger.comtag:blogger.com,1999:blog-8611810694571930415.post-71804777765169374442012-01-12T13:09:42.972-05:002012-01-12T13:09:42.972-05:00Joe Lieberman was a terrible, terrible choice for ...Joe Lieberman was a terrible, terrible choice for Vice President.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8611810694571930415.post-43336956164199628672012-01-12T12:52:16.081-05:002012-01-12T12:52:16.081-05:00i suspect one thing (and this is simply speculatio...i suspect one thing (and this is simply speculation on my part, not to be confused with a factual statement) romney did at bain was help identify potential acquisition targets. these would be companies with high FMV assets (but reported at historical cost on the balance sheet), that could be quickly liquidated. a non-union workforce would be especially attractive, since they could more easily be fired.<br /><br />i could be wrong, but based on his background, that would seem to make sense.cpinvanoreply@blogger.comtag:blogger.com,1999:blog-8611810694571930415.post-79447011110599633682012-01-12T12:15:12.780-05:002012-01-12T12:15:12.780-05:00Look, I get it. The U.S. and the world would have ...Look, I get it. The U.S. and the world would have been better off with a Gore presidency. And as much as the media were complicit in dismissing him as a grind, they wouldn't have mattered an iota if he'd picked anyone on Earth other than Joe Liebermann as his running mate.Anonymousnoreply@blogger.com