Say What!? Michael Novogratz’s Hindsight, Tim Cook’s Tough Hide

“We had really aggressive bets in Japanese stocks and U.S. rates and the dollar and in hindsight we were more leveraged than I wished we had been. You come back to work [each day] angry and frustrated.” Michael Novogratz of Fortress Investment Group, on the investments that have brought his fund down by more than 9 percent so far this year.

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