Testing times in the search for alpha
The facts and figures revealed by Euromoney are used by many other information providers today.
Wednesday, February 20, 2008
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Someone said to me the other day that leverage is like a drug: once you have taken it, you can’t live without it. Using leverage in liquid assets is fine. But leverage in illiquid assets takes you to hell.”
Philippe Jabre, star hedge fund manager, on how to avoid danger in the market