2min chapter

Risk of Ruin cover image

Inside Long Term Capital

Risk of Ruin

CHAPTER

Long-Term Capital - A Bid for 250 Million

Long-term got offer from group that included Warren Buffet, Goldman Sachs, and AIG. The bid had a one-hour expiration, and Buffet was barely reachable. He was in the middle of a trip for the birthday of Bill Gates.

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