Long Term Capital

Remember Long Term Capital? Comparing the darling of Wall Street to Google. There have been a ton of great books written about LTCM.

One thought on “Long Term Capital

  1. thanks for the link. there has been quite a bit of talk about LTCM lately on the finance blogs, about whether the derivative markets are ready to implode. the problem is, noone really knows, because there is little transparency about the players or the game. one thing that is certain though, the stakes are almost incomprehensible – the bank of international settlements estimated the worldwide derivatives market to be $270 trillion.

    interesting parallel between google and LTCM definitely. hubris and arrogance have been felling heroes since the times of the ancient greeks. can’t imagine that will ever change!