http://www.ritholtz.com/blog/2009/04/a-look-at-ltcm-from-an-insider/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 20:08:08 +0000 hourly 1 http://wordpress.org/?v=3.0.5 http://www.ritholtz.com/blog/2009/04/a-look-at-ltcm-from-an-insider/comment-page-1/#comment-165637 inthewoods Mon, 27 Apr 2009 20:53:50 +0000 http://www.ritholtz.com/blog/?p=24665#comment-165637 My apologies - he does mention the staff members borrowing.... My apologies – he does mention the staff members borrowing….

]]> http://www.ritholtz.com/blog/2009/04/a-look-at-ltcm-from-an-insider/comment-page-1/#comment-165630 inthewoods Mon, 27 Apr 2009 20:45:24 +0000 http://www.ritholtz.com/blog/?p=24665#comment-165630 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? 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?

]]>