BTW, on Black Monday I was leveraged in Japanese Yen, Swiss Francs and Deutsch Marks.
When brokers were hiding under their desks, my clients tripled their money. (just as Taleb's did) The problem, back then as I recall, was that after every G-7 meeting, James Baker would make a pronouncement that they were going to prop up the dollar and it would rebound for a few days. You had to know when to get in and when to get out, based on timing Baker's false pronouncements.
Edits: too many typos
This message has been edited 3 time(s).
