Saturday, November 29, 2008
Advice of the Day: Getting the connections
Understanding of the detailed connections, whilst unglamorous, is increasingly the key to anticipating the evolution of the crisis and preventing exposure to events. It is also where long-term reform efforts of the financial system should be directed. —Satyajit Das, author of Swaps/ Financial Derivatives Library – Third Edition, Credit Derivatives, CDOs and Structured Credit Products –Third Edition, Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives and co-author of In Search of the Pangolin: The Accidental Eco-Tourist, writing in "Global Financial System – Calling for the Plumber!"
And all this time I had been thinking Satyajit Das was a Hindu holy man. Silly me.
A note to my readers (11/26/08)