Friday, September 19, 2008
recommended reads - When Genius Failed: The Rise and Fall of Long Term Capital Management
recommended reads - When Genius Failed: The Rise and Fall of Long Term Capital Management: "It gives you the sort of entertainment you get from watching a car wreck, as the banks scrabble round to find a way of protecting themselves - without doing too much for each other. Certainly there's an element of black comedy as one participant comments: ''They had a different view of the world ... they're completely self-interested.' Suddenly these paragons of individual enterprise seethed with communitarian fervor.'!"
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