The rise and fall of Long Term Capital Management (LTCM) cover art

The rise and fall of Long Term Capital Management (LTCM)

The rise and fall of Long Term Capital Management (LTCM)

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LTCM had four co-founders - Myron Scholes and Robert Merton, who were famous for developing the Black-Scholes-Merton model of deriving option prices, and later also went on to win a Nobel Prize; David Mullins Jr., who served as the Vice Chairman of the US Fed from 1991 to 1994; and John Meriwether, who headed Salomon Brother's bond trading desk when it was caught in a bond auction scandal. After a few years of strong returns, LTCM quickly lost those returns and much more.

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Disclaimer: The stocks or financial instruments discussed in this podcast are meant for educational purposes only. Please do not consider them recommendations or financial advice of any form.

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