Aquiring a company that's losing money is hardly "free". After Nick Leeson's rogue trading spree, ING bought Barings for £1, but they then inherited a good chun

Aquiring a company that's losing money is hardly "free". After Nick Leeson's rogue trading spree, ING bought Barings for £1, but they then inherited a good chunk of its liabilities. The author's advice is trite. Who would ever go knocking door to door at a business park looking for failing businesses? It often makes sense to aquire businesses in a field in which you're already established, but doing it essentially at random? That's just stupid. It's also bad advice because it's pitched at a general audience, but it's really a specialist field for people who know how to cut costs and turn around a business (during a major recession btw). It's the business equivalent of learning to surf on a 20' break - astonishing if you pull it off, far more likely to end in tragedy.