4 ms·
The company in question if anyone is as interested as I was: https://www.investopedia.com/terms/l/longtermcapital.asp https://www.investopedia.com/terms/l/longt
by brutusborn 4y ago
The company in question if anyone is as interested as I was:
https://www.investopedia.com/terms/l/longtermcapital.asp https://www.investopedia.com/terms/l/longtermcapital.asp
https://en.wikipedia.org/wiki/Long-Term_Capital_Management https://en.wikipedia.org/wiki/Long-Term_Capital_Management
Interestingly the Nobel Prize winners' advice was ignored in some cases:
"As a result, LTCM began investing in emerging-market debt and foreign currencies. Some of the major partners, particularly Myron Scholes, had their doubts about these new investments. For example, when LTCM took a major position in the Norwegian kroner, Scholes warned that they had no "informational advantage" in this area"