By SIMON CONSTABLE
It's something of a maxim on Wall Street that the best trades are often those which are hardest to make. For instance, when the price of a stock has dropped like a stone, there is generally a lingering doubt that buying the stock is the right thing to do. Thoughts whirl around all based on one question: What does everyone else know that I don't?
Imagine then how nerve-wracking it must have been to start a new financial company in 2008, the very depths of the financial crisis. That was a time when waking from even a few hours sleep might bring news of yet another company's demise. It was a period when even the storied firms of Wall Street, such as Lehman Brothers and Bear Stearns, were not immune from financial disaster.