Peter Lynch’s Formula For Investing In TurnaroundsRupert Hargreaves
It is well-known that Warren Buffett does not like to invest in turnaround situations. He has made several comments to reinforce this point over the years. He once declared, "turnarounds seldom turn."
The Oracle of Omaha also once said, "When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact . . .
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