Alpha Exchange cover image

Roger Lowenstein, Author: "When Genius Failed"

Alpha Exchange

CHAPTER

The Origins of LTCM

Merrill Lynch was founded by Martin Shulls, who later went on to win the Nobel Prize for Economics. The firm raised $4 billion in three years and made a third of that at the end of 1997. Buffett: LTCM realized making a profit now is your future opportunity. But he says there's no limit to how high it could go - just like with oil or stocks.

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