The secret of the Klesch approach to investing in bankruptcy is to look for obvious mistakes often quite basic ones.
ECONOMIST: Dealing in duds
2.
The employees at Myrys were less enthusiastic: alarmed at being swooped on, they barricaded one of Mr Klesch's employees in his office.
ECONOMIST: Dealing in duds
3.
Mr Klesch and his team discovered that one acquisition was losing money on contracts because it had given its customers big discounts, even though other suppliers' prices were higher.