The Smartest Guy on Bay Street ... But The Smartest Guy on Bay Street proved to be too smart and too aggressive to handle. In combing relentlessly through financial statements to spot signs of hidden value or weakness, he took runs at some of the country's highest-profile companies, often infuriating the big egos who ran them. Among his many talents, admirers laud his ability as a short seller-profiting as he helps drive down the share prices of target companies. "It's a beautiful thing," says one.
As the 1990s wore on, however, that practice got more and more embarrassing for RBC Dominion, particularly when its proprietary traders targeted companies that were long-time or potential corporate finance clients, or ones the firm's analysts had recommended in research reports.
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