The Asymmetric Upside For Bitcoin w/ James Lavish
Stacks
00:00
Long Term Capital Management - The Hedge Fund Darling
Long term capital management was run by some nobel lariats. They were trading the these minuscule spreads at massive size. And they had a hundred billion dollars worth of positions. The street gets word that these guys have these massive position in all the spread started to blow out. So goldman goes to new york, the new York fed, and they say, if if you don't bail them out, we're going to have a collapse. There's going to be contagion like you've never seen. That set the stage for other times where he had to step in and and help.
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