Wow. How can you possibly say this with a straight face? AND get promoted to CFO at Goldman Sachs?
“We are seeing things that were 25-standard deviation events, several days in a row” – David Viniar, Goldman CFO
So, that is an event that happens, what, every 100,000 years? SEVERAL DAYS IN A ROW?
And over to a good post from Jeff Matthews where he explains how the Goldman fund was levered 6:1.