David Rosenthal: belief

Transcript context

…Right. He's not looking for the second transaction. He's not doing a trade. He's making an investment. He's not trying to get out. It's all about, how can I take, frankly, something very little, $15 million, buy something very, very, very large, and then continue to do stuff like that, trading the paperclip for the house over and over and over again, but eventually just keeping it all? The Buffett analogy is a good one. I think also, he's like Kluge, but he's also like Murdoch. He wants to build Fox, too. He wants to take these assets and build it into something. For $15 million of capital he put up, he not only has the losses from Boussac to figure out how to handle, but also the debt service on the company.…

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