Quote:
Originally Posted by Super-Rye
Rich people don't become rich by spending their money.
Some of the cheapest people I've ever met were also some of the richest.
|
Especially guys who grew up middle class. Hard to break those habits. Plus Edwards made a lot of his money in the distressed asset aquisition business and the model for those purchases is to come in and clean things up from a cost side (rightly or wrongly). FWIW he doesn't seem to flip assets like a vulture fund - he does hang on to them.