Notes for trust officers, private bankers and others concerned with estate and trust planning, from a Merrill Anderson Senior Editor and his retired mentor.
Tuesday, July 30, 2013
Investment Manias Reconsidered
Were the buyers of tulip bulbs in 17th-century Holland loonier than the 21st-century buyers of synthetic CDOs? Maybe not. (Isn't any investment failure merely "poor risk management"?)
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