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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?


To: Mark Oliver who wrote (4738)10/16/1998 12:54:00 AM
From: Frodo Baxter  Read Replies (1) | Respond to of 9256
 
I've been meaning to say a few words on malinvestment. The idea of malinvestment is central to the idea that business cycles are part and parcel to capitalist growth. Inasmuch as people get cocky after an extended run of making money, they find new ways to lose it.

Long-Term Capital Management.
D.E. Shaw.
Western Digital convertibles.
Maxtor IPO.

and for a particularly entertaining example:

news.com