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25 Visionaries Who Created Empires From Virtually Nothing

5 pointsby procyonalmost 17 years ago

3 comments

byrneseyeviewalmost 17 years ago
"Michael Milken was perhaps the first “corporate raider” in history. "<p>Milken was not a corporate raider. He financed raiders, but never raided companies himself. This article is riddled with errors.<p>"Milken’s insight led him to buy junk bonds when they were cheap, knowing full well that the government would bail out these large corporations and allow him to reap huge profits when they did."<p>Actually, he used studies dating decades to demonstrate that high-yield bonds outperformed other investments. Bailouts were a pretty minor part of this.
byrneseyeviewalmost 17 years ago
Steve Forbes?<p>From Wikipedia:<p>"Malcolm Stevenson "Steve" Forbes Jr. (born July 18, 1947), is the son of Malcolm Forbes..."<p>"Malcolm Stevenson Forbes (August 19, 1919 – February 24, 1990) was publisher of Forbes magazine, founded by his father B.C. Forbes..."<p>"Bertie Charles Forbes (May 14, 1880 – May 6, 1954) was a Scottish financial journalist and author who founded Forbes Magazine."<p>So virtually nothing means being the third generation in your family to run the magazine?
Hates_almost 17 years ago
That list went downhill fast after 15.