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