206: Dan David – The Investigative Research of an Activist Short Seller
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The Effect of Interest Rates on the Economy
I was actually a long shareholder and your GTT, maybe seven or eight years ago when that strategy was small. And they were successful for a while. But when management starts to base their bonuses on acquisitions and the bigger the acquisition, the bigger the bonus,. They had made two acquisitions, Hibernia and Inner out in subsequent years that more than double the size of their company. So we've got that problem as well. We pay almost as much in debt service at these historic low interest rates for our annual budget for the government as we do for our military.
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