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This is what Long Term Capital Management (the hedge fund) did to themselves. Rode themselves to death in 4 months. Keep in mind, the firm had Myron Scholes & Robert Merton (2/3rd the creators of the Black-Scholes Model) on board at the time.

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from Frugal Rules

How to Invest in Stocks When You Do Not Know Where to Start

The stock market can be really scary, but this post on investing in stocks for beginners (like me!) is very simple to understand. I feel more confident already!

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“In a strict sense, there wasn’t any risk - if the world had behaved as it did in the past” Merton Miller (Economist & Nobel Laureate) on the demise of Long Term Capital Management

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