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Tag: Long-Term Capital Management

When Genius Failed (Summaries of Chapters 7 – 10)

Posted on September 28, 2020September 28, 2020 by JL Admin

The last section of the book containing the said chapters is both thought-provoking and insightful. These chapters cover the course of decline of LTCM (Long-Term Capital Management) from its heady days of exponentially growing profits, customer base and stock prices. This section of the book encapsulates the systemic causes that precipitate financial crises and stock…

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