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According to Lowenstein in "When Genius Failed", it was Vinny Mattone. The
book doesn't say anything about him being high profile trader, just that he
was an old friend of J.M.'s and was a contact at Bear Stearns. He was
retired, wore a gold chain and a pinkie ring, and "saw markets as
exquisitely human institutions--inherently volatile, ever-fallible."
BTW, "Genius" was a great read for me. As Mr. Brower says, a real "can't put
it down thriller."
The thing that was emphasized for me was that you can't pay too much
attention to how your system is going to react to price shocks which always
dry up liquidity. As Kaufman says in "Smarter Trading", a price shock *is*
the ultimate risk. When reading "Genius", I could just feel the angst of
these guys, leveraged to the max, helplessly watching their personal
fortunes go down the toilet in a matter of day as there was *no* market to
unload any positions at a reasonable price, let alone LTCM's gigantic
positions. Fascinating.
>Subject: best article yet on the LTCM debacle
>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.....
>
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