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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (68922)	10/11/1999 3:49:00 PM
From: eWhartHog	Read Replies (3) of 132070

Mike, I recently read the autobiography of Robert Merton on the Nobel Prize website and noticed that he and Myron Scholes set up an open-end fund, Money Market/Options Investment Inc., along 90/10 lines in 1976 which wasn't a commercial success. He moved on to Long-Term Capital Management in the 1990s, and given the fate of that firm would probably agree that switching from 90/10 to 0.01/99.99 was a big mistake. <g> nobel.se Cheers, John

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