May. 1st, 2011


It wasn't easy being shorts. They were a tortured bunch.

* The 'garage band hedge fund' Cornwall Capital had trouble because they were thought to be too small to play at the institution investor's table; and their long-side was free to price their instruments unfairly for a long time. Also they had to worry about the democratic society as we know it.
* Eisman's fund was hampered by its parent, Morgan Stanley.
* Dr. Burry had to fight his investors every step of the way and didn't get even a thank-you note for his troubles.

On the other hand, there was no deep psychological profiling of the head bond trader at Morgan Stanley who 'wasn't smart enough to realize how  cynical he needed to be', but I got the sense that he came through this just fine.

<<

Profile

fiefoe

October 2017

S M T W T F S
1 234567
8 91011121314
15161718192021
22232425262728
293031    

Page Summary

Style Credit

Expand Cut Tags

No cut tags
Page generated Oct. 19th, 2017 08:05 pm
Powered by Dreamwidth Studios