The Appeal of Solomon Brothers as an Investment

Ackman: If you find a management that doesn't care about the accounting but does explain to you in clear terms what's going on I think you should regard that as a plus. The test will be A whether they control that business in a way that that leverage does not prove dangerous and secondly what kind of returns on equity they earn while using it. But I don't know whether you've met Bob and Derek but I think you'd feel better about having a leverage in their hands than about any other hand you can imagine.