The Big Picture - Macro Perspective on the Capital Markets, Economy, Technology, and Digital Media

Comments

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

2 Responses to “A look at LTCM from an Insider”

1. inthewoods Says:
   April 27th, 2009 at 4:45 pm

   Is it just me, or is this guy is on drugs – he thinks that 20-30x leverage is fine, doesn’t mention the leverage created by staff members borrowing, and just totally blows off the issue of correlation going to one when something went wrong. Doesn’t seem to understand the size issue either….he’s an example of someone who, to me, just hasn’t learned anything. But hell, I’m no finance wizard – what do others think?

2. inthewoods Says:
   April 27th, 2009 at 4:53 pm

   My apologies – he does mention the staff members borrowing….