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Повеќе текстови на тема финасии и пари во денешниот кризен свет. :)
Updated on Feb 19, 09
Created on Feb 17, 09
Category: Business & Finance
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Novica Nakov's List: Финансиски разгледи
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Feb 17, 09
Текст за тоа што се hedge фондови и неколку трикови за финансиски натпревари.
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A lot of the people who are setting up the best hedge funds are . . . doing this for perhaps slightly ego-driven and political reasons as much as anything else. They’re not doing it for the money: they’ve got their Bentley Continentals and their yachts . . . so they’re going into it because they want to run something because they’re never, ever going to be the guy that sits right at the top [of an investment bank] because they can’t be bothered with the politics.
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“But a computer does not do risk modeling. People do it. And people got overzealous and they stopped being careful. They took on too much leverage. And whether they had models that missed that, or they weren’t paying enough attention, I don’t know. But I do think that this was much more a failure of management than of risk management. I think blaming models for this would be very unfortunate because you are placing blame on a mathematical equation. You can’t blame math,” he added with some exasperation.
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