In a couple weeks we’ll celebrate the 15 year anniversary of Amaranth’s blow up in the natural gas markets. This week’s free post recaps their incredible story & its impact on market structure to this day. Thanks for reading!https://frontmonth.substack.com/p/amaranthology
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Replying to @HideNotSlide
Great recap, I remember this well. Kathy Burton and I broke the Amaranth loss story on
@business and it was the most-read story ever on the terminal for a long time. Fun fact: the trades that blew up MotherRock blew up Amaranth, which had bought the MR trades1 reply 0 retweets 1 like -
One other thing — the joke back then was “if you’re going to lose $6.5 billion, start with $8 billion”
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Replying to @mattleising @business
best way to become a millionaire? Start with $1 billion
11:57 AM - 2 Sep 2021
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