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Streetsmart Guide To Valuing A Stock (eBook)
Even the creations of brilliant rocket scientists sometime flame out of control. The financial equivalent of incineration occurred during September 1998, at Long Term Capital Management (LTCM), a multibillion-dollar hedge fund1 that was owned by some of Wall Street’s greatest intellects. After several years of spectacular returns (43 percent in 1995, 41 percent in 1996, and 17 percent in 1997) for its owners and investors, LTCM suffered a massive collapse and was rescued from bankruptcy by a consortium of its creditors.
Language : English
Type : eBook (PDF)
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