The silver lining was many closed-end funds fell 50%, presenting a golden opportunity for RiverNorth.
FORBES: RiverNorth Profits From Clueless Closed-End Mutual Fund Investors
At a leverage ratio of 71:1, Grant writes, the New York Fed should be the first to be lining up executors and filing an end-of-life plan.
FORBES: Jim Grant's Modest Proposal: Outsource The Fed
The silver lining in this is that busts also come to an end.
FORBES: What Getting A Driver's License Says About The Seattle Economy
Similarly, you could end up solving for a problem that has either gone away, or been solved by someone else while you were lining up resources.
FORBES: You Have THE BIG IDEA, What Do You Do Next?
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