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Since they are leveraged institutions (they have a small amount of capital backing lots of assets), with nowadays more or less mechanical risk-management systems that in effect force them to sell when losses mount, this probably also increases volatility.
ECONOMIST: Buttonwood
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The Cybook Odyssey is one of the few readers to offer a perfect touch screen management AND mechanical buttons.
ENGADGET: Bookeen Cybook Odyssey HD FrontLight joins the lit e-reader fray
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After graduating from MIT with a degree in mechanical engineering, Cheah added a business management certificate from Stanford, and then worked for a series of electronics and computer companies including Sun Microsystems in California.
CNN: THE MONEYMAN