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Rick Rieder on Fixed Income Investments

Masters in Business

CHAPTER

Lehman Brothers, Layton, and Bear Stearns, You Know?

I think their decisions that I think anybody in their career, anybody who's running a company or a business would like to have back. My pet theory on where Dick Fold went off the rails was rejecting the offer from Warren Buffett,. Layton, oh, wait, do we have to worry about Goldman had full taken Warren's money? And it basically removed them off the table for, hey, do we want to set an example? Gee, Warren Buffett offered you a few billion dollars. How do you say no to Warren?

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