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Ep. 910: Robert M. Rosenberg Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Risks of Leveraged Buyouts

In the late 80s, Polaroid was threatened with a hostile takeover. Rosie O'Neill decided to put 15% to 16% of company's shares in employee stock ownership program. "This was probably the hardest decision I ever had to make," she says. The white knight bid for Polaroid ultimately lost out and bought it from his friends.

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