There’s a reason Pimco hired the last leader away

A depressing sentence from Daniel Gross (h/t Mark Thoma):

The 13-F shows Harvard with some 231 positions worth nearly $2.9 billion, highly concentrated in popped macroeconomic bubble plays.

We now have the title of the book about Henry Paulson’s time at Treasury: Popped Macroeconomic Bubble Plays.

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