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.
Business, Economics, Finance, Accounting
When Genius Failed: The Rise and Fall of Long Term Capital Management
Books Worth Reading
When Genius Failed: The Rise and Fall of Long-Term Capital Management Roger Lowenstein
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!
Hedge fund and long term capital management
Science&Tech + Art&Design
Roger Lowenstein - When genius failed: The Rise and Fall of Long-Term Capital Management
“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
Superannuation & Pensions
When Genius Failed: The Rise and Fall of Long-Term Capital Management
When Genius Failed: The Rise and Fall of Long Term Capital Management: Roger…