When Genius Failed: The Rescue of Long Term Capital Management
On September 23, 1998, the hedge fund Long Term Capital Management was bailed out by a total of 14 banks. The book "When Genius Failed" chronicles this story in detail.
LTCM
LTCM: A 27 Años de la Espectacular Caída del Goliat de las Finanzas
On September 2, 1998, John Meriwether, President of LTCM (Long Term Capital Management), sent a letter to his investors stating that the fund had lost $2.5 billion that year.
The Shocking Collapse of the Russian Market in 1998 and Its Aftermath
On August 27, 1998, the Russian market collapsed completely: the main index fell by 171% on that day alone, adding to a catastrophic year-on-year decline of 841% on the same day. Find out what happened.
Deadly Sins of Investing Part 1: Blockbuster and the Incredible Netflix Rejection
Let's analyze the biggest mistakes investors can make. In this article, we'll see how pride and anger can cause us to lose a lot of money, as happened to Blockbuster and Long-Term Capital Management.