Wall Street Vision
Wall Street Vision
Vlad Dolgocheev, CFA
LTCM Had the Brightest PhDs, Then it Went Bust - Why Successful Investing With Leverage Is So Hard - Ep 10
14 minutes Posted Apr 19, 2021 at 4:00 pm.
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Show notes

Leverage is essentially borrowing money to increase your returns. LTCM (Long Term Capital Management) was a hedge fund started by John Meriwether in the 90's. This fund used leverage as a way to make incredible returns for investors... Until it went bust. Tune in to this episode to learn about the LTCM story and what went wrong. I'll also cover 2 non-financial ways to use leverage in your daily life.