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Five Rules to Rule the World

Posted on April 3, 2007 by Yves Smith

When I was in M&A, I boiled down the practice of the business to five rules. I believe they are relevant to many other commercial enterprises:

1. Control your client

2. Get the buyer’s price expectations up

3. Spend your time on deals that are likely to happen

4. Everything can be solved by price

5. Fees are not negotiable

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This entry was posted in Free markets and their discontents, Investment banks on April 3, 2007 by Yves Smith.

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