Sunday, March 16, 2008

Perception is Everything: Lessons from the Edge

While reading about the fall of Bear Stearns, I came across a quote that I found quite prescient about perceptions during a crisis of confidance.

"Once Bear started to come out with: 'Hey, this is why we're OK, this is why we're still liquid and you should keep your assets here,' they were basically telling you to move your business," Robert Sloan, a managing partner of New York-based S3 Partners LLC, a financing specialist for hedge funds said.

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