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Non-Tech : Derivatives: Darth Vader's Revenge
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To: Worswick who wrote (118)9/19/1998 12:09:00 PM
From: see clearly now  Read Replies (1) of 2794
 
Thanks for making available to us your insight and incredible access to useful information ! This answers a question I was posing in June on the GLobal currencies thread..at the time those knowledgeable on the thread didn't appear to recognize the question (I am not very knowledgeable in this territory) or perhaps the problem or to know the answer..but intuitively I could see it coming!

"assuming the people who engaged in the trade understood the trade...apart from the back office problems of "keeping up"

.I have known two old bankers in my life who both told me that their younger colleagues are not unlike lemmings in times of fiscal exuberance and forget the "book" they were taught from only to turn for advice to the more prudent elders in the business (many times who did not advance in the organization) in times of difficulty.

Thanks again for the thread..its superb!.
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