In his book – When Genius Failed: The Rise and Fall of Long-Term Capital Management, Roger Lowenstein discusses why liquidity is a ‘straw man’. Here’s an excerpt from the book: With traders scrambling to pay back debts, Neal Soss, an economist at Credit Suisse First Boston, explained to the Journal, … Read More
Roger Lowenstein: Warren Buffett – The Man Who Stripped Wall Street Of Its Mystery
In his book – Buffett: The Making of an American Capitalist, Roger Lowenstein describes Warren Buffett as the man who stripped Wall Street of its mystery. Here’s an excerpt from the book: Much about this life is strange, and much about Buffett remains obscure. Perhaps, as a judge in Buffalo … Read More