As leveraged assets go down in value, the leverage multiples go up. Adding to that multiple is the falling dollar and the fact that these assets are in reality debt deposits, not cash deposits, that were passed on in different forms to be leveraged over and over.
I couldn't be happier today even for myself. For Ruby, Todd, and all those who believed in the beauty of their dream... Tons of congrats! One minyan at a time, we will make the world a little bit better. Set, ready and go! Read More
you guys deserve it! I have learned so much more from the great people at Minyanville than I have anywhere else - both from the web and on TV. (that's a good thing, right?) Anyways, congratulations! Read More
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