Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 175.02

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3:58 PM EST

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To: Kenneth V. McNutt who wrote (16058)	10/6/1998 11:31:00 PM
From: Jon Koplik	Read Replies (1) of 152472

Kenneth -- regarding ... Also explain how a bunch of nobel prize winners (small letters) so screwed up the hedge funds they lost billions of dollars ... Since hedging is a zero sum game, who got the money??? The current issue of Forbes (10/19/98, page 52) quotes Henry Kaufman (discussing LTCM) -- "There are two kinds of people who lose money : those who know nothing and those who know everything." On your second question, believe it or not, I was one of the people who was literally "on the other side" of at least a minute portion of LTCM's trades. My interest rate futures trading has been going quite well lately. Jon.

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