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Gutfreund to John Merriweather (LTCM's founder) "One hand, one million dollars, no tears." To which Merriweather replied "if we’re going to play for those kind
by sinnerswing 14y ago
Gutfreund to John Merriweather (LTCM's founder) "One hand, one million dollars, no tears."
To which Merriweather replied "if we’re going to play for those kind of numbers, I’d rather play for real money. Ten million dollars. No tears."
Gutfreund declined. In fact, he smiled his own brand of forced smile and said, “You’re crazy.”
No, thought Meriwether, just very, very good."
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