The Constant Skeptic

David Bailin, president of Bank of America’s alternative investments, sees a new demand for due diligence that will sooner or later help fuel a recovery.

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One of the best business lessons David Bailin ever learned came from his father, a jeweler in New York’s Diamond District, who was fond of saying that trust is and ever shall be the coin of the realm. “At the end of the day, the person who buys from you has to trust you,” says Bailin, Bank of America Corp.’s

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