Tuesday, November 11, 2008

“I didn’t know that you weren’t supposed to put a sell rating on companies."

Great quote:

"The second company for which Eisman was given sole responsibility was Lomas Financial, which had just emerged from bankruptcy. 'I put a sell rating on the thing because it was a piece of shit,' Eisman says. 'I didn’t know that you weren’t supposed to put a sell rating on companies. I thought there were three boxes—buy, hold, sell—and you could pick the one you thought you should.'"

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