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2min chapter
Roger Lowenstein, Author: "When Genius Failed"
Alpha Exchange
The Contagion Effect in the Market
Lehman Brothers was doing all kinds of trades with them, but specifically for me personally, it was in equity derivatives. I just remember there really was an LTCM effect in the market. It was very ironic to hear Meriwether talk about these are the best opportunities we've seen in decades when they themselves were the cause of the pricing.
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