Abigail Hofman: Hindsight is 20/20

It’s a truism that hindsight is 20/20 vision. But those who spot the signals of turning markets are visionaries and those who act on these signals are true geniuses.

by Abigail Hofman

Abigail’s biography

Dick FuldErin CallanLehman BrothersBusiness class etiquetteBarclaysReal estate

Something about the jut of his chin and his unflinching expression tells me that Dick Fuld is a fighter. Ten years ago, he battled like a demonic sumo wrestler to save Lehman Brothers from the funeral pyre of illiquidity associated with Russia’s domestic bond default and the demise of hedge fund LTCM. The flames fanned Fuld’s feet and apparently he never forgot the experience.

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