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Undermoney (guest: Jay Newman)

The Market Huddle

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The Story About Trading Sardinines

In the late eighties, i jumped ship and went to start a desk at morgan stanley ok. And so that was in a, i 80, 80 nineit was that they wa they were behind, and they wanted to get caught up. As part of that, we actually raised the first investment fund to investin in a in defaulted a bank detSo we started the first in a private partnership to to invest ind that as well,. me ad a few big pension funds asas our lead investors. I do you know the story about trading sardines? I do. Why do you tell everyone the story?

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