Find all School-related info fast with the new School-Specific MBA Forum

It is currently 24 Sep 2016, 21:47
GMAT Club Tests

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

The infamous mastermind of LTCM and its collapse...

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
Senior Manager
Senior Manager
User avatar
Joined: 30 Jul 2007
Posts: 385
Location: Europe
Schools: St. Gallen '09
Followers: 6

Kudos [?]: 59 [0], given: 5

The infamous mastermind of LTCM and its collapse... [#permalink]

Show Tags

New post 08 Jul 2009, 06:19
John Meriwether shuts down his JWM hedge fund:

http://www.bloomberg.com/apps/news?pid= ... 2lwUiCKGMM

He had his hey-day in the 80s, but perhaps it was all luck. Fooled by randomness so to speak...and black swans are more common than we realize ;)
Expert Post
Optimus Prep Instructor
User avatar
Joined: 06 Nov 2014
Posts: 1672
Followers: 46

Kudos [?]: 346 [0], given: 21

Re: The infamous mastermind of LTCM and its collapse... [#permalink]

Show Tags

New post 09 Nov 2014, 02:56
Did you read the book black swan by nassim nicholas taleb?

I would like to buy it, is it recommendable?
_________________

Janielle Williams

Customer Support

Special Offer: $80-100/hr. Online Private Tutoring
GMAT On Demand Course $299
Free Online Trial Hour

Intern
Intern
avatar
Joined: 19 Feb 2014
Posts: 18
Concentration: Finance
GRE 1: 1580 Q800 V780
WE: Securities Sales and Trading (Investment Banking)
Followers: 1

Kudos [?]: 7 [0], given: 1

Re: The infamous mastermind of LTCM and its collapse... [#permalink]

Show Tags

New post 26 Nov 2014, 23:45
trader1 wrote:
John Meriwether shuts down his JWM hedge fund:

http://www.bloomberg.com/apps/news?pid= ... 2lwUiCKGMM

He had his hey-day in the 80s, but perhaps it was all luck. Fooled by randomness so to speak...and black swans are more common than we realize ;)


If you study much about it, it isn't "black swan" nonsense; it's just the effects of liquidity coupled with game theory, plain and simple.

Read some work of financial distress and fire sales; network effects; etc.
Intern
Intern
avatar
Joined: 29 Jun 2015
Posts: 6
Followers: 0

Kudos [?]: 0 [0], given: 0

Re: The infamous mastermind of LTCM and its collapse... [#permalink]

Show Tags

New post 17 Jul 2015, 09:38
Hmmm I think it's just old fashioned leverage and overconfidence.

Their strategy worked just not well enough and consistently enough for the leverage they put on it.
Expert Post
Veritas Prep Admissions Consultant
User avatar
Joined: 24 Jan 2016
Posts: 382
Followers: 3

Kudos [?]: 55 [0], given: 7

Re: The infamous mastermind of LTCM and its collapse... [#permalink]

Show Tags

New post 18 May 2016, 20:39
OptimusPrepJanielle wrote:
Did you read the book black swan by nassim nicholas taleb?

I would like to buy it, is it recommendable?


His books are great reads, including Black Swan and Antifragile, he does poke fun at MBA's (which he himself is) so be prepared for it and take it with humor :lol:
_________________

Veritas Prep | Veritas Prep Admissions Consultant

Find the expert who’s right for you. Meet our team!.

Image

Re: The infamous mastermind of LTCM and its collapse...   [#permalink] 18 May 2016, 20:39
    Similar topics Author Replies Last post
Similar
Topics:
Commercial Real Estate - Next Collapse? trader1 0 09 Jul 2009, 14:16
Is Goldman Sachs doomed? (Yes, it's a serious question!) trader1 19 08 Jul 2009, 06:21
1 It's just getting started folks.... trader1 8 15 Jul 2008, 10:22
Display posts from previous: Sort by

The infamous mastermind of LTCM and its collapse...

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.