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5min chapter
TIP579: Big Mistakes by Michael Batnick
We Study Billionaires - The Investor’s Podcast Network
The Downfall of Long-Term Capital Management and Lessons in Markets
This chapter explores the devastating loss of $3.6 billion by the hedge fund Long-Term Capital Management due to overreliance on flawed models and the dangers of intelligence paired with overconfidence in the markets. It also includes sponsored advertisements for companies like Fundrise, Babel, and Shopify.
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Discover
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