NEW YORK (TheStreet) -- The ups and downs of buying distressed stocks can be thrilling at times.
These are the companies that most investors have written off, often with good reason. But depending on the ultimate outcome, there are always a few fools or geniuses who see something that few others see, real or imagined, and who are willing to take a risk on a company whose best days are admittedly long past.
I've been on both sides of that equation, the fool and the genius. As an investor, you can learn from both situations -- those that work out and those that don't. I figure that by the time I reach age 100, I'll have it all figured out.
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