7. Trading Places
I would love to say it was easy sailing as I reached for the rudder at The Galleon Group. The truth is that I navigated directly into a perfect storm.
A financial contagion began brewing after Thailand cut the peg between the Thai baht and the US dollar. I had witnessed similar situations on a smaller scale, such as the Orange County derivative scare at the end of 1994, but that was the first such scare that migrated worldwide. As we would experience years later a few times over, it would not be the last—some would argue it was only the beginning.
I wasn’t thinking about the Thai baht, nor was I focused on ...
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