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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Ramsey Su who wrote (50098)5/17/2004 5:29:33 PM
From: smolejv@gmx.net  Read Replies (1) of 74559
 
I am sure we will learn about those sophisticated techniques some time down the road. I would assume it's all about insuring the risk, going so far down that road that the insured (insuree?) is long gone by then and the only ones remaining in the ring are the insurers.

quoting from "When the genius failed"

"That Friday, Long-Term lost money wherever they looked".

Har har...
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