The Rise and Fall of Long-Term Capital Management: When Genius Failed
pplpod16 Feb

The Rise and Fall of Long-Term Capital Management: When Genius Failed

Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!

On this episode of pplpod, we explore the spectacular collapse of Long-Term Capital Management (LTCM), a hedge fund that brought together Wall Street legend John Meriwether and Nobel Prize-winning economists Myron Scholes and Robert C. Merton. Once considered the "brightest star on Wall Street," the firm boasted annualized returns of up to 43% by using complex mathematical models to exploit small discrepancies in bond prices.

Join us as we discuss:

• The Strategy: How LTCM used massive leverage to amplify returns on "convergence trades," a strategy later described as "picking up nickels in front of a bulldozer".

• The Crash: How the 1997 Asian financial crisis and the 1998 Russian financial crisis triggered a "flight to quality" that the partners’ historical models failed to predict.

• The Bailout: The details behind the fund’s $4.6 billion loss and the controversial $3.6 billion bailout orchestrated by the Federal Reserve to prevent a global financial meltdown.

Tune in to understand how a "dream team" of financial experts lost billions in less than four months and changed the way we look at risk management forever.

Det här avsnittet är hämtat från ett öppet RSS-flöde och publiceras inte av Podme. Det kan innehålla reklam.

Avsnitt(16184)

The Art of Adult Friendship: Why Quality Matters More Than Quantity

The Art of Adult Friendship: Why Quality Matters More Than Quantity

Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!In this episode of pplpod, we explore how our understanding of friendship changes as we grow old...

9 Nov 18min

Summer Explained: The Science, History, and Traditions of the Warmest Season

Summer Explained: The Science, History, and Traditions of the Warmest Season

Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!In this episode of pplpod, we explore summer, the season most closely associated with sunshine, ...

7 Nov 18min

Sir Patrick Stewart: From Shakespeare to Star Trek, the Life and Legacy of a Legend

Sir Patrick Stewart: From Shakespeare to Star Trek, the Life and Legacy of a Legend

Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!In this episode of pplpod, we explore the extraordinary life of Sir Patrick Stewart, the acclaim...

7 Nov 49min

Larry David: The Genius of Social Awkwardness, Seinfeld, and Curb Your Enthusiasm

Larry David: The Genius of Social Awkwardness, Seinfeld, and Curb Your Enthusiasm

Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!In this episode of pplpod, we explore the life and career of Larry David, the comedian, writer, ...

6 Nov 38min

Why Australian Shepherds Aren't From Australia

Why Australian Shepherds Aren't From Australia

Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!In this episode of pplpod, we explore the history of the Australian Shepherd, an intelligent, en...

5 Nov 45min

Labrador Retriever: From Newfoundland Fishing Dogs to Modern-Day Heroes

Labrador Retriever: From Newfoundland Fishing Dogs to Modern-Day Heroes

Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!In this episode of pplpod, we explore the remarkable history of the Labrador Retriever, one of t...

4 Nov 53min

Discovering Ireland: A Journey Through History, Culture, and the Wild Atlantic Way

Discovering Ireland: A Journey Through History, Culture, and the Wild Atlantic Way

Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!In this episode of pplpod, we explore Ireland through the philosophy of slow travel: go slower, ...

3 Nov 48min

Willie Hutch: An Overnight I'll Be There Lyric and The Mack's Soundtrack

Willie Hutch: An Overnight I'll Be There Lyric and The Mack's Soundtrack

Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!William McKinley Hutchins was born in Los Angeles in December 1944 and raised in Dallas, where h...

2 Nov 21min

Populärt inom Nöje

mellan-himmel-och-jord-med-jlc
mardromsgasten
filip-fredrik-svarar
husmodern-med-amanda-schulman
fordomspodden
podme-bio-4
dialogiskt
chilla-med-de-vet-du
fem-i-topp
rss-p3-musikdokumentar
badfluence
gott-snack-med-fredrik-soderholm
hemma-hos-strage
schulman-show
mannen-utan-spar
rss-made-in-sverige-podcast
skandal
sexet
rss-bl-metal-podcast
hundaren-motgangspodden-av-tomas-andersson-wij