Hmmm... if I were Warren I would be worried also ... the numbers these guys deal with daily as a 'matter of fact' are mind-boggling.
I was felt disappointed that LTCM was able to 'trade' itself out of trouble (albeit with some assistance from the Fed) instead of being 'bailed-out' and basically shut down.
I have since felt the resulting 'stink' has tarnished derivatives which of course means the work done by Black/Scholes/Merton and Co. is still considered suspect ... even today.
When we hear cases such as Enron whose application of derivatives was rogue in nature it just seems to confirm this belief.
