Wilbur Ross (Trades, Portfolio) once wanted to be a writer, but, after concluding that he had “run out of material” in a fiction class, he shifted to investing. It was a move that paid off handsomely. His career has made him a billionaire through his emphasis on leveraged buyouts and struggling companies.
In the first quarter of 2015, the majority of Ross’ deals involved selling rather than buying. When compared to the other gurus GuruFocus follows, Ross’ investment activity was modest. He only made five transactions, but that is normal for him, and he left his top six holdings untouched. Continue Reading »