Other People’s Money reviewed by Bloomberg
John received an excellent review by Bloomberg: “Other People’s Money [is] one of the best two or three books I have read on the crash”, Clive Crook
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25 November 2015
HBOS report yields three important lessons for all businesses
British regulators have finally published their report into HBOS, the bank formed from the merger of Halifax with Bank of Scotland, more than seven years after its collapse. The 600-odd pages contain much detail on events and personalities. But there are general lessons for all businesses. Avoid the diversifier’s fallacy. Beware the winner’s curse. Fear adverse selection.
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