Sunday, July 31, 2005

The inside story of Drexel Burnham

I just finished reading through The Predator's Ball : The Inside Story of Drexl Burnham and the Rise of the Junkbond Raiders.

Reading it is like taking a trip back in time to the 80s' takeover blitz. This also gives you an idea of what could happen if all the cash available with companies right now is put to use. I am hoping to see such a period within the next 2-3 years.

The blind pools of those days have been replaced by a private equity cash glut. A few publications, including Business Week, Worth and Bloomberg, have recently run pieces on all the cash in these investors' hands waiting to be deployed.


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