Booms, Busts, and Recoveries Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TobagoJack who wrote (22745)	8/17/2002 3:26:47 PM
From: smolejv@gmx.net	Read Replies (3) of 74559

Hi Jay, check "The Collapse of the Inverse Pyramids" prudentbear.com ... LTCM’s capital structure and corporate strategy have been treated as unique and a fascinating anomaly. Nothing could be farther from the truth. LTCM was merely an advanced model of the newly designed U.S. corporation. This design is the byproduct of a long revolution in academic theory and business practice that treasures belief in the supremacy of debt-financing and efficient market theory. LTCM, Enron and Worldcom have to this point been treated as industry-specific or corruption-related stories. This analysis misses the most important point: all these companies shared the same capital structure and finance philosophy; and this approach that is now dominant throughout corporate America is doomed to fail massively.... It's quite ... er ... an eye-opener. RegZ dj

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next