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Roger Lowenstein, Author: "When Genius Failed"
Alpha Exchange
The History of Risk
The lessons of one era don't seem to withstand the bottom of the next cycle. LTCM 25 years ago, people that are 30 or 35 years old, that are stewards of capital, that's just too long ago for them to appreciate. It's sort of like asking me to appreciate the deflationary episode of 1966. The history of risk is another planet.
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