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Allan from Fallbrook
Participant“When Genius Failed”, Lowenstein. This is about the 1998 Long-Term Capital Management (LTCM) implosion and how it was a precursor, albeit on a much smaller scale, to what is happening now in the credit markets.
LTCM had two Nobel Prize Laureates on their staff, and also counted some of Wall Street’s “Best and Brightest” among their members.
Great read, if for no other reason than to watch what happens when you think you’re too smart too fail. Also, the almost religious reliance on their risk management models is eerily similar to that shown by today’s Wall Street banks.
Participant“When Genius Failed”, Lowenstein. This is about the 1998 Long-Term Capital Management (LTCM) implosion and how it was a precursor, albeit on a much smaller scale, to what is happening now in the credit markets.
LTCM had two Nobel Prize Laureates on their staff, and also counted some of Wall Street’s “Best and Brightest” among their members.
Great read, if for no other reason than to watch what happens when you think you’re too smart too fail. Also, the almost religious reliance on their risk management models is eerily similar to that shown by today’s Wall Street banks.
Participant“When Genius Failed”, Lowenstein. This is about the 1998 Long-Term Capital Management (LTCM) implosion and how it was a precursor, albeit on a much smaller scale, to what is happening now in the credit markets.
LTCM had two Nobel Prize Laureates on their staff, and also counted some of Wall Street’s “Best and Brightest” among their members.
Great read, if for no other reason than to watch what happens when you think you’re too smart too fail. Also, the almost religious reliance on their risk management models is eerily similar to that shown by today’s Wall Street banks.
Participant“When Genius Failed”, Lowenstein. This is about the 1998 Long-Term Capital Management (LTCM) implosion and how it was a precursor, albeit on a much smaller scale, to what is happening now in the credit markets.
LTCM had two Nobel Prize Laureates on their staff, and also counted some of Wall Street’s “Best and Brightest” among their members.
Great read, if for no other reason than to watch what happens when you think you’re too smart too fail. Also, the almost religious reliance on their risk management models is eerily similar to that shown by today’s Wall Street banks.
Participant“When Genius Failed”, Lowenstein. This is about the 1998 Long-Term Capital Management (LTCM) implosion and how it was a precursor, albeit on a much smaller scale, to what is happening now in the credit markets.
LTCM had two Nobel Prize Laureates on their staff, and also counted some of Wall Street’s “Best and Brightest” among their members.
Great read, if for no other reason than to watch what happens when you think you’re too smart too fail. Also, the almost religious reliance on their risk management models is eerily similar to that shown by today’s Wall Street banks.
December 31, 2008 at 11:14 PM in reply to: OT: Joe Cocker (closed captioned for the hearing impaired) #322213ParticipantDan: Was it a nice Rhone? And were you eating pizza at the time?
Happy New Year!
December 31, 2008 at 11:14 PM in reply to: OT: Joe Cocker (closed captioned for the hearing impaired) #322556ParticipantDan: Was it a nice Rhone? And were you eating pizza at the time?
Happy New Year!
December 31, 2008 at 11:14 PM in reply to: OT: Joe Cocker (closed captioned for the hearing impaired) #322616ParticipantDan: Was it a nice Rhone? And were you eating pizza at the time?
Happy New Year!
December 31, 2008 at 11:14 PM in reply to: OT: Joe Cocker (closed captioned for the hearing impaired) #322631ParticipantDan: Was it a nice Rhone? And were you eating pizza at the time?
Happy New Year!
December 31, 2008 at 11:14 PM in reply to: OT: Joe Cocker (closed captioned for the hearing impaired) #322713ParticipantDan: Was it a nice Rhone? And were you eating pizza at the time?
Happy New Year!
December 30, 2008 at 2:07 PM in reply to: Some math on how we’re going to get out of this mess #321431Participantgandalf: What up dude? Hope you had a good Christmas.
Interesting post and I agree with most of it, especially the idea that the US will need to heavily invest in 1903s style WPA-type infrastructure projects. The question is whether the administration will recognize true “value” for the money and focus on rebuilding our aging infrastructure (including power generation) or fall for faddish investments like pseudo “green” projects that are largely untested and unproven.
December 30, 2008 at 2:07 PM in reply to: Some math on how we’re going to get out of this mess #321778Participantgandalf: What up dude? Hope you had a good Christmas.
Interesting post and I agree with most of it, especially the idea that the US will need to heavily invest in 1903s style WPA-type infrastructure projects. The question is whether the administration will recognize true “value” for the money and focus on rebuilding our aging infrastructure (including power generation) or fall for faddish investments like pseudo “green” projects that are largely untested and unproven.
December 30, 2008 at 2:07 PM in reply to: Some math on how we’re going to get out of this mess #321834Participantgandalf: What up dude? Hope you had a good Christmas.
Interesting post and I agree with most of it, especially the idea that the US will need to heavily invest in 1903s style WPA-type infrastructure projects. The question is whether the administration will recognize true “value” for the money and focus on rebuilding our aging infrastructure (including power generation) or fall for faddish investments like pseudo “green” projects that are largely untested and unproven.
December 30, 2008 at 2:07 PM in reply to: Some math on how we’re going to get out of this mess #321852Participantgandalf: What up dude? Hope you had a good Christmas.
Interesting post and I agree with most of it, especially the idea that the US will need to heavily invest in 1903s style WPA-type infrastructure projects. The question is whether the administration will recognize true “value” for the money and focus on rebuilding our aging infrastructure (including power generation) or fall for faddish investments like pseudo “green” projects that are largely untested and unproven.
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