He marvels at how quickly finance forgets, as it did after the near-collapse of Long-Term Capital Management, a highly leveraged hedge fund, in 1998.

• 让他惊讶的是，金融界怎么可以如此快地忘记，在1998年的金融风暴中，高杠杆的对冲基金长期资本管理的崩盘。