Company Turnarounds are Hard

Our conclusion is that, with few exceptions, when a management with a reputation for brilliance tackles a business with a reputation for poor fundamental economics, it is the reputation of the business that remains intact – Warren Buffett   Turnarounds seldom turn. – Warren Buffett I’ll admit that I am interested in finding companies that are in a turnaround.  I feel that if I can locate a company that will be successful, it will result in a high return on my investment.  However, if you are experienced in the markets, or have worked for a company that is in...