The nature of risk ...

Jordan Hayes jmhayes at
Thu Jun 11 15:02:36 PDT 1998

charles brown wrote:

> Risktaking is a myth like Horatio Alger. They "externalize" costs
> and risks.

Tell that to George Soros, who loaned Russia "several hundred million" last summer. Now *that's* risk.

Oh right, while we're on the subject of Russia, I note that the normally-cheery FT said that yesterday's t-bill auction had "particularly low demand" and also released details of a $200M "secret" loan from Chase at "below prevailing market" rates.


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