Morgan Stanley’s Stock Price Got Whacked Because Another Genius That Doesn’t Understand Derivatives Wrote An Incorrect Paper That Was Unintentionally Leaked…

Remarkable after all of this time that some people, especially Wall Street analysts, don’t understand the difference between notional and net exposures.  It’s unfortunate that such misunderstandings can still cause such unfortunate results–check it out, as reported by the WSJ.

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