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Great tale of arrogance and over-confidence in models and lack of common
sense.
http://biz.yahoo.com/opt/010621/mzdopx0wmgolfrfvtvmgow.html
Loved when at 50% down, they brought in that high profile trader who told
them "you're finished".
I wonder who that was ????
3 people come to mind: Tom Baldwin, Richard Dennis, Lewie Borrsellino.....
....link is courtesy of John Lothian's newsletter . Thanks John !
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