Results 1 to 4 of 4
Thread: Nick Leeson does a little jig.
-
09-20-2006, 09:34 AM #1
Registered User
- Join Date
- Aug 2006
- Posts
- 31
Nick Leeson does a little jig.
Brian Hunter is now the king.
If the numbers reported are correct, Amaranth lost $5 billion in less than two weeks. Wacky!
Choice quote in the WSJ today by Nick Maounis about Brian Hunter..."the really really great thing about Brian is he takes controlled and measured risk."
As good ole Buffett says..."A long string of impressive numbers multiplied by a single zero is zero."
-
09-20-2006, 09:52 AM #2
Bored
- Join Date
- May 2002
- Location
- Norte del río
- Posts
- 2,212
They went from a 22% gain to a 35% loss in a few days betting the difference between natural gas futures price in summer & winter would continue to widen. It didn't.
Long Term Capital Management faced paper losses of $2.5 bn before the fed came to the rescue. Where are the shockwaves this time?
-
09-20-2006, 09:54 AM #3
Registered User
- Join Date
- Oct 2003
- Posts
- 8,887
One small difference - Hunter's trades were authorized and legal. Leeson's weren't.
Elvis has left the building
-
09-20-2006, 09:54 AM #4
Don't take no jive.
- Join Date
- Oct 2003
- Location
- be here now
- Posts
- 5,372
Originally Posted by Hayduke
depends on how much they were levered and how their lenders hedged themselves
HEDGE FUNDS....BAAAAD.....SCAAAARYY
Let me lock in the system at Warp 2
Push it on into systematic overdrive
You know what to do
Reply With Quote
Bookmarks