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To: Craig M. Newmark who wrote (143091)9/7/2001 1:39:58 PM
From: Road Walker  Respond to of 186894
 
Craig,

The folks at Long Term Capital thought they were minimizing risk and maximizing reward. Then things broke bad.

The trading desks can actually make a completely balanced trade, with no potential for gain (except commissions) and no risk. Don't ask me how they do it, it would probably take me a week to figure out what they can execute in two minutes.

John