Wednesday, July 16, 2008

See An Oil Bubble, Buy 'SpiceJet'

Wilbur Ross has made his fortunes making ballsy contrarian investment choices.

Back in the day, he bought a steel company in the US when no one else would and eventually sold it for twice his purchase price. He bought a Japanese bank in the year 2000 after it had some problems and sold it for a profit. And recently he's been buying up some major financial organization in the US, while they are reeling from the credit crisis and sub-prime loan meltdown.