Eugene David
...The One-Minute Pundit

Friday, June 17, 2011

Spiegel Online, one of the few news Web sites that deserves to be better known than it is, has run an unintentionally annoying profile on Bernie Ecclestone, the tyrant of Formula One and Hitler admirer, who has two beautiful daughters, one of whom just bought a superexpensive mansion here, and it reminds us that most of the business genius of our day got that way not through vision but by shuffling assets, and Bernie is clearly a shuffler nonpareil. The shufflers seem to forget at times the world can live without them; Formula One is virtually invisible in the U. S. We will not forget that great asset shuffler LEGENDARY WELCH was a hero until his rep was forever stained by his shenanigans with his bank. Bernie is 80 and he will soon enough learn whether or not he can take it with him. We ordinarily wouldn't bet against SUMNERS but this one's pretty safe.

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