3 ms·
Poorly written Wikipedia page, but I fo see LTCM was co-founded by a Nobel prize winner in economics. Their overly risky strategy seems at odd with someone earn
by TwoBit 6y ago
Poorly written Wikipedia page, but I fo see LTCM was co-founded by a Nobel prize winner in economics. Their overly risky strategy seems at odd with someone earning a Nobel prize.
- dagw 6y agoThe thing was that non of the 'genius' Nobel prize winners saw the strategy as "overly risky" since they had worked out very clever and very complex mathematical models describing exactly how safe their strategy was.