CBKC - Whether To Give Up Dumpster Diving
A friend of mine, who had a great ten-year plus career on Wall Street, including a nice stint at the famed hedge fund, Paulson & Company, has a great phrase 'Dumpster Diving.' Because of his success and the fact he doesn't have children (at least not yet), he was able to 'opt out' of the rat race and comfortably take a four-year sabbatical (where he didn't need to earn a paycheck). What he means by 'dumpster diving' is speculating in low-quality businesses, often with market capitalizations less than $100 million. For me, however, as a