Risk of Ruin cover image

Inside Long Term Capital

Risk of Ruin

CHAPTER

How Rare Is Eric's Life?

LTCM and JWM both closed in the midst of economic crises, but they had positive returns over their lifetimes. In retrospect, these positions should not be run in something like an investment bank or a hedge fund. They belong in very lightly levered portfolios that are looking to get just a slight edge.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner