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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….