Stayed until 2am to finish the book – you can tell what a great story it must be. I liked the most about the smart move by Kravis. Unfortunately, his enemies were outmatched (at least described by the book) and it was almost clear from the beginning that Kravis would win.
All three bidding groups worked hard, but the First Boston team lacked judgment and expertise. Shearson and Johnson's team made fatal mistakes. Only Kravis had the tactics and strategy to hold to the finish line. Even when Kravis finished the third in the first round of bidding, he turned a failure to his advantage. He never got excited, never panicked, never was beaten by bad news. He always studied the situation and meditated his moves. That is the way to get a deal done. Isn't it similar to the great deal-maker Michael Corleone?