“Do you know how good you have to be to not make a mistake leveraged 20 to 1?”
Jim Grant commenting on Morgan Stanley being leveraged 40:1 before the credit markets crashed
This video is a good reflection on the credit crisis of last Fall. Here is Part 3 of a fun and informative interview with credit market genius Jim Grant:
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Grant: “Do you know how good you have to be?”
6.9.09
“Do you know how good you have to be to not make a mistake leveraged 20 to 1?”
Jim Grant commenting on Morgan Stanley being leveraged 40:1 before the credit markets crashed
This video is a good reflection on the credit crisis of last Fall. Here is Part 3 of a fun and informative interview with credit market genius Jim Grant:
Video
Enjoy!
Chris Grande