..Or It Might be Right Way Up: Meriwether's Troubles

A decade ago, John Meriwether was at the epicenter of a financial crisis not unlike the one gripping Wall Street in recent days. Now, the famed hedge-fund manager is again up against a wall — and this time, he is considering calling it quits...

...This year, Mr. Meriwether, 61 years old, has lost more than one-fourth of his investors' money — more than $300 million — in his biggest hedge fund. The fund's size has dwindled further as investors have pulled out. 

What was that about repeating behavior, expecting different results and insanity?

While Meriwether’s recent troubles have been well known for months, the story has a nice ‘Where are they now’ Rogues Gallery of the Long-Term Capital Management partners.

As Markets Swing, Meriwether Hears Echoes of His Own Collapse

by Jenny Strasberg

The Wall Street Journal Sep. 20 2008

Earlier on NakedShorts:

Been there, done that, learned nothing