Before the GFC There was LTCM . . .


This post is by Barry Ritholtz from The Big Picture


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We Forget That the Financial Crisis Had a Trial Run The collapse of hedge fund Long-Term Capital Management had the same ingredients: lots of leverage, huge risk and a surplus of arrogance. Bloomberg, October 10, 2018       September saw a spasm of retrospectives on the 10-year anniversary of the financial crisis. Lost in…

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BBRG: We Forget That the Financial Crisis Had a Trial Run


This post is by Barry Ritholtz from The Big Picture


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We Forget That the Financial Crisis Had a Trial Run The collapse of hedge fund Long-Term Capital Management had the same ingredients: lots of leverage, huge risk and a surplus of arrogance. Bloomberg, October 10, 2018       What happens when too much risk and too much leverage meets too little humility? That was…

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Terminated: Volatility Products Blow Up


This post is by Barry Ritholtz from The Big Picture


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5 Rules to Help Avoid Investing Disaster It’s actually not that hard. Bloomberg, February 8, 2018.   A basic rule of life is to avoid being a guinea pig in other people’s experiments. This is an inviolable rule of technology: consumers should always leave 1.0 of anything to the early adopters. All car fanatics know that any…

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Congratulations to Hovnanian, Blackstone: Judge Rules Fancy CDS Trade Allowed


This post is by Mary Childs from Tech Trader Daily


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A federal judge denied a hedge fund’s request to stall a debt exchange closing tonight, saying they had provided insufficient evidence of irreparable harm to them or the market. U.S. District Court Judge Laura Taylor Swain denied the preliminary injunction request by Solus Alternative Asset Management in its quest against hedge fund GSO Capital Partners and homebuilder […]

Reminder: Dick Fuld Was a Terrible CEO


This post is by Barry Ritholtz from The Big Picture


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Dick Fuld has been in the news recently. A profile in the The Financial Times discussed his new asset management firm, as did a news item in Bloomberg News, and a small mention in Crains. Collectively, they suggest he is testing the waters to find out if people have forgotten his priors. Some of us…

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