Long-Term Capital Management - The Collapse
Once upon a time, LTCM promised soaring success in capital manipulations. What went wrong?
Only embark on hedge fund investing if you fully understand the risks (read here!). If you don’t understand, don’t play.
Yes it’s true: All the people who are more successful than you might just be lucky fools.
The bigger (and more brilliant, sophisticated and arrogant) they are, the harder they fall.
If you think that hedge fund strategy is too esoteric for a simple guy like you, consider this: The collapse of a single fund — Long-Term Capital Markets — shook the global market to its very foundation.





