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Category Archives: Business

The story of the little bird

Monday, October 8, 2007

A little bird was flying along one day heading North. As he flew it started getting colder and colder. Soon it started raining. The rain turned into freezing hail.  His wings froze and he fell out of the sky like a stone. He thought to himself “Oh lordy I’m frozen stiff, I can’t move, I’m [...]

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How hedge funds die

Friday, August 3, 2007

Marc Andreessen has a great post on the collapse of the Sowood hedge fund recently. Reading this I have a weird sense of deja-vu. LTCM collapsed while I was working at Credit Suisse First Boston in Canary Wharf, London. CSFB lost about $700 million. Around the same time the Russian economy took a dip and [...]

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