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Private-equity gains are realised at irregular intervals, when holdings are sold.
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Cypriot lenders took a body blow when those holdings were written down to help Greece manage its debt.
Mr. Biglari emerged in June when Biglari Holdings first publicly reported to the Securities and Exchange Commission that it had acquired a 9.7 percent stake in Cracker Barrel.
A weaker dollar would also help Americans investing overseas by reducing losses or increasing gains when foreign holdings are translated back into dollars.
Tellingly, the bank now employs 2,117 workers -- almost the same as in March 2000, when Ripplewood Holdings bought Long-Term Creditherom the government.
This was the process used recently by Travelocity when Sabre Holdings bid to buy the 30percentt of its shares it did not already own.
That's what the Reserve Primary Fund did when its holdings of Lehman paper went bad, sparking a broader run on money-market funds.The European Commission has proposed compelling money funds to have a predefined capital buffer.
Hostess Brands has corporate roots going back to 1930, but the company has had that name only since 2009, when Ripplewood Holdings, the private equity firm that took control of Interstate Bakeries, renamed it.
When the holdings of more typical households are tracked instead, today's near-retirees turn out to be a little poorer, in constant dollars, than the previous generation was when it approached retirement in 1983.
That difference, Kun says, reflects a larger transformation, as immigrant communities began to define their culture on their own terms, "instead of being held captive" by a city that "simply saw them as 'foreign.' " Meanwhile, the collection boasts an abundance of menus from restaurants in South Los Angeles up until the nineteen-sixties, when its holdings abruptly taper off.
Mr. Clarkson points out that a minority shareholder with a stake as small as 25 percent can very easily control a board even if it does not formally control a majority of the seats, especially when its holdings dwarf the other shareholders.
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