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What have we learned from LTCM?In all of the recent talk of derivatives and their role in our current problems, there are a number of important lessons to be learned in looking back at Long Term Capital Management.
John Meriwether's Long Term Capital Management was the envy of the financial world from 1994 until 1998, when it lost roughly $4 billion in a couple of weeks. Back then that was a lot of money, and...
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