mistakes were made

“It worked for nine years, but mistakes were made,” Harris Barton, 46, says as he sips a coffee at an Italian restaurant in Palo Alto, California. After the demise of HRJ Capital, the firm he co-founded with Ronnie Lott of which Joe Montana was a partner, he says he was embarrassed every time he walked into a place like this in Silicon Valley. “I felt like everyone was looking at me and saying, ‘There he is, the dumb athlete who couldn’t manage his firm.’” [Bloomberg]

Rubin’s got “regrets” and Prince is “deeply sorry” that management wasn’t more “prescient.” Also, you should know, that since taking up early retirement, Chuck has “given a great deal of thought to the unique events that led to the financial crisis and which bring us here today.” Continue reading »