3 October 2018
Weekly Insights From The FNArena News Desk 01/10/18
Ten years on from the largest and most iconic corporate failure in modern day USA, it has become quite fashionable to wander back through memory lane or publish Harry Hindsight flashbacks about how it all went wrong; whether there are any lessons from the sorry tale for investors today?
Not wanting to spoil anyone’s party, but in the context of the Grand Bear market of that time, and it certainly was a Very Grand Global Bear Market, the demise of Lehman Brothers was by no means the most important event, and it happened quite late on the timeline as well. Today, books have been written and the event features in a number of Hollywood movies and documentaries, while the question “Where were you when Lehman went bankrupt?” sits right up there with 9/11, the fall of the Berlin Wall and the death of Elvis Presley. (I am too young to refer to John F Kennedy’s assassination or the first man on the moon).
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