Bono hopes to drop his ‘worst investor’ status
ALMOST exactly two years ago, US online financial blog 24/7 Wall Street dubbed Bono “the worst investor in America”.
His investment company Elevation Partners had pumped millions into Palm, which was failing to make inroads in the smartphone market and had, according to 24/7 Wall Street, “burned through large amounts of money” in the process. HP finally acquired Palm on July 1, 2010, yielding a return of just 1.5% for Elevation.
