Interview with Contrary Investor’s Cafe on 29 January 2009.  Topics discussed include (1) IMN and Cambridge House Conferences, (2) general economic landscape, (3) Obama’s effect, and (4) suggestions for capital allocation.

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The sad tale from a DLA Piper partner at IMN’s Sixth Annual Winter Forum On Real Estate Opportunity & Private Fund Investing.  His client bought some paper from Lehman Brothers with the expectation they would sell it back two weeks later.  Instead Lehman collapsed and they are stuck with a bunch of garbage.  The client ends up owning a bunch of cash consuming white elephants.

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