Risk of Ruin cover image

Inside Long Term Capital

Risk of Ruin

CHAPTER

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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