My morning reading of the German newspaper FAZ really gave me a happy start into the day. I read an article about the weak stock quotes of the large investment firms like Blackstone or Fortress. There I found this sentence “In the view of increasing defaults of corporate loans, a new heyday is expected for the restructuring business”.
This is not really a surprising revelation today. However, I remembered that I wrote a post about good times for restructuring experts on this blog some time ago and it turned out that I made a very similar prediction about nine months earlier.
OK, this is personal. However, it is a nice feeling to realize that you have seen something earlier than most others – especially if you have written proof of it.