An interesting biography on James Caan and his business life as well as his spat with Bannatyne.
http://www.guardian.co.uk/business/2010/apr/23/james-caan-dragons-den-duncan-bannatyne
As some may know this individual made his money from Recruitment :
A) Alexander Mann - sold out to a private equity group for a reported £95m
B) Humana International, founded in 1993, was sold in 1999.
He currently runs Hamilton Bradshaw, a private equity group with interests in some 30 businesses.
He openly admits his errors though..
Not every venture has been a soaraway success and Caan is candid about his shortcomings. His 2006 investment in the Benjy's sandwich chain – which went into administration after six months – was his worst deal: "It was going cheap, and the high-street brand appealed. But I didn't do my homework. I made every mistake I possibly could and lost a fortune, a ton of money. I thought I had the Midas touch and found out I didn't."
Caan's net worth is £85m - Something I realised a while back is that you only need a handful of successes in ones life to make a chunk of money. And on that note I concluded being very focused on a Investment is important.......Anyone looking at the history of the successes of the top 20 rich list will note most of them made their money by being very focused in certain sectors/businesses.
And I have always felt it to be important to back companies in a sector where the wind is blowing from right behind.....
It is my belief Soco is one of a handful of Investments one can have in a lifetime to make a big chunk of money.....
