
Inside Long Term Capital
Risk of Ruin
00:00
Buffett's Bid Was Attractive to Us
Buffett's offer was attracted to us because it meant that the financial system would stay intact. It still left our personal wealth at zero because we had borrowed against our fund holdings. We thought we had presented a way that we could do it for them. But unfortunately, they were unable to get Buffett back on the phone to confirm it.
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