Corporate Bonds Spreads & Good Economists
The Standard HK: Tuesday, November 04, 2008
Are you depressed about all the money you've lost during the market downturn?
Well cheer up, because even an expert like Stanford University economics professor and Nobel laureate Kenneth Arrow didn't know enough to pull his money out before the market crash.
Arrow, who in 1972 became the youngest person ever to win the Nobel Prize in economics, was in Hong Kong yesterday to deliver the Sun Hung Kai Properties Nobel Laureates Distinguished Lecture at Chinese University.
Arrow later said he has suffered an investment loss of 30 percent during the financial crisis.
p/s photo: Nia Ramdhani