[msandford]

The difference is that the people at GS have relationships with many (most, all?) of the wealthy people in the world. That makes finding a buyer who has enough cash but not enough brains easier.

I'm not suggesting that it's a slam dunk and everyone could be doing it. But being one of the premier investment banks in the world does have some perks.

[MikeCapone]

Agreed. There's definitely a very high chance of information asymmetry when you are dealing with GS. All I'm saying is that there's enough reflexivity (Soros' term) and unknowns in the market that even very smart people like them can lose money.

I think we're probably saying the same thing, just coming from different ends of it.

Cheers.