Word: superinvestor
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Dates: during 1991-1991
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...Along the way Harken began to suffer from the collapse of oil prices, which depressed the value of assets it had acquired. Yet Quasha managed to attract a steady flow of investment capital from the likes of Harvard's endowment fund, Hungarian-born superinvestor George Soros and the South African liquor and tobacco barons, the Rupert family. Despite the company's sloppy bookkeeping and long-shot prospects, all except Soros continue to hold large blocks of stock. "Alan Quasha will charm your pants off," explains a former Harken executive. "You will take your wallet out and empty it into anything...
Scandal-plagued corporations and government agencies have a surefire formula for riding out the storm: Find someone with an unimpeachable reputation to whip the place back into shape. Beleaguered Salomon Brothers turned to superinvestor Warren Buffet. A few other high-profile "fixers...
...hottest read in town? Then snap up a copy of . . . the Berkshire Hathaway Inc. annual report. While the title suggests a pastiche of dry statistics and commercial puffery, connoisseurs of corporate entertainment eagerly await each year's version -- particularly the plain- spoken chairman's letter, written by superinvestor Warren Buffett. In the Omaha-based holding company's 1990 edition, released last month, the author quotes such thinkers as Woody Allen, Bertrand Russell and Buffett's four-year- old granddaughter Emily, while characteristically mocking his own financial acumen...
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