However, the interviews drawn on here suggest that overlaying the increased preference for safer, more liquid assets were the effects of a different, more directly sociological process. Meriwether's group at Salomon and at LTCM earned remarkable profits, and were known to have earned those profits. This had encouraged others in other investment banks, and increasingly in other hedge funds to follow similar strategies.

Donald MacKenzie, An Engine, Not a Camera, loc. 1022