A Young Financial Genius or an Author's Crush? You Make the Call
Courtesy of Dr. Paul Price
Bloomberg Businessweek and Meson Capital Partners present:
Youthful Infatuation at its Worst?
Businessweek’s title reads, “He’s 28, and Here to Take Over Your Company.”
The story is like a love tribute to Ryan Morris who was lucky enough to start investing a whopping $50,000 via newly created Meson Capital Partners on Feb. 24, 2009. That was just days before the ultimate bottom/turning point that took place on March 9, 2009.
Mr. Ryan, then 24 years old, made some seriously risky bets that paid off big simply because low quality assets were being dumped as potential bankruptcy candidates. Dart-throwing monkeys willing to buy at that moment in time would have been anointed as great stock pickers.
Lower-quality, highly-leveraged companies were being thrown out like garbage. There were dozens of issues that rebounded by five, ten- and twenty-fold from their super-depressed March 2009 quotes.
Mr. Morris made some high-risk bets that paid off. Karen Weise, the article’s author, described in detail his spectacular 2009 returns as the overall market rebounded.
Keep reading: A Young Financial Genius or an Author's Crush? You Make the Call
