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it told me all i needed to know. i think the basic message to anyone is: If
you think you've found the Holy Grail and you put all your money in to it,
you could be in trouble....
Jim Bronke
Phoenix, AZ
----- Original Message -----
From: "M. Simms" <prosys@xxxxxxxxxxxxxxxx>
To: "Jim Bronke" <jvbronke@xxxxxxxx>
Cc: "Omega-List" <omega-list@xxxxxxxxxx>
Sent: Sunday, June 24, 2001 7:04 PM
Subject: RE: best article yet on the LTCM debacle
> That documentary STUNK....it told you nothing.....I saw it several months
> ago....
> at least this article provided some "inside" information......
>
> the story certainly has some value from a psychological and
> software/modeling viewpoint.
> Sorry I don't share your opinion.
> > -----Original Message-----
> > From: Jim Bronke [mailto:jvbronke@xxxxxxxx]
> > Sent: Saturday, June 23, 2001 10:05 AM
> > To: William Brower; prosys@xxxxxxxxxxxxxxxx; omega-list@xxxxxxxxxx
> > Subject: Re: best article yet on the LTCM debacle
> >
> >
> > I think you're better off catching the History Channel(I think)
> > documentary
> > on the development of the algorithm and that company. When it comes to
> > reading, find books that will help you trade.
> > I'm not convinced that story will do that.
> >
> > Jim Bronke
> > Phoenix, AZ
> >
> >
> >
> > ----- Original Message -----
> > From: "William Brower" <1000mileman@xxxxxxxxxxxxxx>
> > To: <prosys@xxxxxxxxxxxxxxxx>; <omega-list@xxxxxxxxxx>
> > Sent: Saturday, June 23, 2001 6:15 AM
> > Subject: Re: best article yet on the LTCM debacle
> >
> >
> > > If you want the inside story, a "can't put it down" thriller,
> > get the book
> > > "When Genius Failed" by Roger Lowenstein.
> > >
> > > At 06:31 PM 6/22/01 -0400, you wrote:
> > > >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 !
> > >
> > > Bill Brower
> > > Email: 1000mileman@xxxxxxxxxxxxxx
> > > Web Site: insideedge.net
> > >
> >
>
>
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