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...troubled industries. He invested an estimated $250 million in Wells Fargo & Co. and $300 million in Champion International, a paper-products company. Laurence Tisch and his family-controlled Loews Corp. have sunk hundreds of millions of dollars into Bank of Boston and Continental Bank. Concludes security analyst Bruce Benteman, who tracks the nation's wealthiest stock pickers: "Everyone thinks our problems in banking and real estate are worse than they've ever been, but the smartest investors are saying these aren't anything that can't be dealt with...

Author: /time Magazine | Title: Pointing Toward Prosperity | 2/18/1991 | See Source »

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