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8min chapter
The rise and fall of Long Term Capital Management
Planet Money
The Collapse of Long Term Capital Management
This chapter explores the decline of Long Term Capital Management as investment returns plummeted amid financial crises in Asia and Russia. It highlights the firm's struggle to adapt to unexpected market volatility and the critical role of human behavior in exacerbating their challenges. As the firm sought additional funding, the narrative illustrates the tension between emotional market reactions and mathematical models that ultimately led to their downfall.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode