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When a company goes bankrupt, there is always a price where it becomes a good investment. Always.
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The most important thing Max Heine taught me is to always know what something is worth before you buy it.
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We want to buy a dollar of assets for 50 cents. That's it. Everything else is details.
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Management doesn't like me because I hold them accountable. That's fine. That's my job.
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Distressed investing is not about being ghoulish. It's about pricing risk better than everyone else.