LTCM's Robert Merton Wants You To Listen
Economics Nobel laureate of Long-Term Capital Management fame, Robert Merton, recently spoke about financial markets. Merton is clearly a genius in some areas but he has also been spectacularly blind-sided in the past. We would much rather listen to people like Warren Buffett and David Swensen. However, when we feel like delving deeper into some of the complex financial issues that got us into the financial mess we're in currently, Merton can clearly provide some insight.