Seth Klarman's Talk at MIT
Read the full article at: http://adriansaville.blogspot.com/2008/01/about-leverage-volatility-and-finding.html
Submitted by SilverSlime on Sat, 2008-02-16 11:03.
(via adriansaville.blogspot.com)
Recent financial market events, including subprime loan losses, hedge fund and quant fund woes, and the bailout or takeover of numerous financial institutions and structured vehicles, that are suddenly strapped for cash, highlight the extreme risk taking and leverage that have lately permeated our financial system.
