fund insideis own rothchild, and then he spun it out. what happened afterwards is fascinating.arol: he does not like the word vulture investor. i have always called him a distressed investor. he goes after troubled industries, bankrupt companies, takes them over, sometimes people lose their jobs as a result. that interview where he's like, i'm not a vulture. he really doesn't like the phrase vulture, right? ever said that? i found five interviews where he said i am not a vulture investor. you look at him from a lot of different angles. thatre are the two things any reader should know about the theme of being a vulture. on the one hand, he was going into companies -- the whole plan for how he became rich, and he became a billionaire because of steel investments. he bought these woeful steel companies, combined them, rolled them up, and sold them to an indian billionaire. the one hand, his whole strategy according to the person in charge of the steel companies was not just to buy any old steel company. an advisor for years, so he knew what he was doing. he was buying only the ass

and in 1997, he started his own fund inside rothchild, and then , and what out happened afterwards isind of fascinating. carol: he does not like the word vulture investor. i have always called him a distressed investor. he goes after troubled industries, bankrupt companies, takes them over, sometimes people lose their jobs, right, as a result? a lot of times. max: i found a carol massar interview where he's like, i'm not a vulture. i don't pick flesh off of bones. he really doesn't like the phrase vulture, right? has he ever said that? i found five interviews where he said i'm not a vulture investor. carol: he is taking over businesses and helping to bring them to life at the same time, so you look at him from a lot of different angles. max: here are the two things that any reader should know about the theme of being a vulture. on the one hand, he was going into companies the whole plan , for how he became rich, and he became a billionaire because of his steel investments. he bought these really woeful steel companies, combined them, rolled them up, and sold them to an indian billiona