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Old 12-07-2013, 11:07 AM
 
151 posts, read 198,083 times
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It's so simple. It's two words: leveraged buyouts.
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Old 12-07-2013, 11:55 AM
 
28,461 posts, read 75,095,976 times
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Might want to see how that worked out for some of the more infamous --

With Friends Like Mike Milken . . . : His LBO Advantage Is Cut From the Hides of Workers - Los Angeles Times

21. Wolves on Wall Street, Ivan Boesky

Good not to repeat the mistakes of others...
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Old 12-07-2013, 01:27 PM
 
Location: Atlanta
330 posts, read 997,986 times
Reputation: 253
Quote:
Originally Posted by NYCWonderBoy View Post
It's so simple. It's two words: leveraged buyouts.
So lets hear how it has worked for you
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Old 12-07-2013, 03:57 PM
 
Location: In America's Heartland
929 posts, read 1,937,460 times
Reputation: 1182
If it's so simple, why isn't everyone rich? You might want to think this one through, before pulling the trigger.
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Old 12-08-2013, 07:53 AM
 
Location: Wicker Park, Chicago
4,791 posts, read 13,603,546 times
Reputation: 1945
It's really not a good way to make money.
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Old 12-08-2013, 08:21 AM
 
82,536 posts, read 80,145,365 times
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just ask all those no money down authors who were big on leveraged buyouts of real estate.

most have declared bankruptsey.
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Old 12-08-2013, 08:24 AM
 
35,106 posts, read 43,412,629 times
Reputation: 62256
Isn't that what whats Edward in the movie Pretty Woman did?
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Old 12-08-2013, 03:22 PM
 
Location: Los Angeles (Native)
25,305 posts, read 17,106,866 times
Reputation: 12206
From Pretty Woman :

Vivian: You don't actually have a billion dollars, huh?
Edward: No. I get some of it from banks, investors… it's not an easy thing to do.
Vivian: And you don't make anything…
Edward: No.
Vivian: … and you don't build anything.
Edward: No.
Vivian: So whadda ya do with the companies once you buy 'em?
Edward: I sell them.
[Viv reaches for his tie.]
Vivian: Here, let me do that. You sell them.
Edward: Well, I… don't sell the whole company, I break it up into pieces, and then I sell that off, it's worth more than the whole.
Vivian: So, it's sort of like, um… stealing cars and selling 'em for parts, right?
Edward: [sighs exasperatedly] Yeah, sort of. But legal.


From American Psycho :

Patrick Bateman: Ask me a question.
Club Patron: So, what do you do?
Patrick Bateman: I'm into, uh, well, murders and executions, mostly.
Club Patron: Do you like it?
Patrick Bateman: Well, it depends. Why?
Club Patron: Well, most guys I know who are in Mergers and Acquisitions really don't like it.
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Old 12-14-2013, 09:18 PM
 
131 posts, read 485,383 times
Reputation: 38
Quote:
Originally Posted by NYCWonderBoy View Post
It's so simple. It's two words: leveraged buyouts.
Can you elaborate?

LBO is what Private Equities specialize in. How do you intend to do that as an individual?
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Old 12-15-2013, 07:05 AM
 
6,897 posts, read 4,224,746 times
Reputation: 6649
Quote:
Originally Posted by jm1982 View Post
From Pretty Woman :

Vivian: You don't actually have a billion dollars, huh?
Edward: No. I get some of it from banks, investors… it's not an easy thing to do.
Vivian: And you don't make anything…
Edward: No.
Vivian: … and you don't build anything.
Edward: No.
Vivian: So whadda ya do with the companies once you buy 'em?
Edward: I sell them.
[Viv reaches for his tie.]
Vivian: Here, let me do that. You sell them.
Edward: Well, I… don't sell the whole company, I break it up into pieces, and then I sell that off, it's worth more than the whole.
Vivian: So, it's sort of like, um… stealing cars and selling 'em for parts, right?
Edward: [sighs exasperatedly] Yeah, sort of. But legal.


From American Psycho :

Patrick Bateman: Ask me a question.
Club Patron: So, what do you do?
Patrick Bateman: I'm into, uh, well, murders and executions, mostly.
Club Patron: Do you like it?
Patrick Bateman: Well, it depends. Why?
Club Patron: Well, most guys I know who are in Mergers and Acquisitions really don't like it.
Most of them know they're kinda dirt. They try to "retire" as fast as they can or get burnt out.
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