The Fall of Long-Term Capital
Lecture no. 81 from the course: Crashes and Crises: Lessons from a History of Financial Disasters
Taught by Professor Connel Fullenkamp | 11 min | Categories: The Great Courses Plus Online Economics & Finance Courses
Unearth the roots of Long-Term Capital Management’s downfall starting in 1997, when its bond spreads converged toward their averages and led to portfolio losses of more than one-third of its capital.