Finance

How to lose $1bn and get away with it

by Matthew Stibbe on August 15, 2007

Slate has a fantastic article today about the amazing spin that hedge funds have used to justify recent huge losses.  (Remember, these are the well-paid guys who claim to be able to make money whether the market goes up or down – that’s the ‘hedge’ in hedge fund.) What I liked was the baroque language [...]

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