Sunday, April 26, 2009

Eric Rosenfeld on LTCM…

Very interesting but long Presentation by Eric Rosenfeld of MIT to an MIT classroom regarding the history, risk, and outcome of the LTCM (Long Term Capital Management) debacle… If you are already familiar with the history of what happened at LTCM, Rosenfeld’s lecture will be of great interest and if you’re not familiar, this is a great lesson in the risks involved with leverage and what the insiders of a risk taking firm where thinking.

Here is a link to a Wiki description of LTCM to give you a little overview as you view or just listen to Rosenfeld… Long Term Capital Management.