Artwork

Content provided by Brady Raanes, Jim Grenn, Kent Oliver, Brady Raanes, Jim Grenn, and Kent Oliver. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Brady Raanes, Jim Grenn, Kent Oliver, Brady Raanes, Jim Grenn, and Kent Oliver or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Player FM - Podcast App
Go offline with the Player FM app!

S1-E6: Long Term Capital Management

24:46
 
Share
 

Manage episode 256569280 series 2639757
Content provided by Brady Raanes, Jim Grenn, Kent Oliver, Brady Raanes, Jim Grenn, and Kent Oliver. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Brady Raanes, Jim Grenn, Kent Oliver, Brady Raanes, Jim Grenn, and Kent Oliver or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

No hedge fund in the 1990s made bigger waves than Long Term Capital Management. In 1996, their profits exceeded the net income for Disney, Dell and Nike... combined. Using sophisticated computer models and massive leverage, LTCM made billions of dollars for their investors and the fund’s partners.

In 1998, circumstances changed, causing the fund to implode in an epic meltdown that threatened the very fabric of Wall Street. The Federal Reserve finally stepped in to orchestrate a bailout. A new phrase was born on Wall Street - “too big to fail.”

  continue reading

15 episodes

Artwork
iconShare
 
Manage episode 256569280 series 2639757
Content provided by Brady Raanes, Jim Grenn, Kent Oliver, Brady Raanes, Jim Grenn, and Kent Oliver. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Brady Raanes, Jim Grenn, Kent Oliver, Brady Raanes, Jim Grenn, and Kent Oliver or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

No hedge fund in the 1990s made bigger waves than Long Term Capital Management. In 1996, their profits exceeded the net income for Disney, Dell and Nike... combined. Using sophisticated computer models and massive leverage, LTCM made billions of dollars for their investors and the fund’s partners.

In 1998, circumstances changed, causing the fund to implode in an epic meltdown that threatened the very fabric of Wall Street. The Federal Reserve finally stepped in to orchestrate a bailout. A new phrase was born on Wall Street - “too big to fail.”

  continue reading

15 episodes

All episodes

×
 
Loading …

Welcome to Player FM!

Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.

 

Quick Reference Guide