

LTCM, The GFC and Covid-19. THIS Connects all Three
“It is the certainty that they possess the truth that makes men cruel. -Anatole France, novelist, essayist, Nobel laureate (1844-1924)” LTCM You may not remember it but for finance geeks we either remember, or have heard of the debacle that was the giant bond trading hedge fund Long Term Capital Management that grew from $1.25 billion at launch to over $100 billion in under 3 years! Admittedly I was still at high school trying to ogle teenage girls cleavage when