ltcm-money-russia-certain-class-bonds-investments-like-spread-two-different

LTCM lost money when Russia defaulted on a certain class of bonds, and then they had other investments like on the spread between two different kinds of shares of Royal Dutch Shell Oil Company. Now that seems completely unrelated to Russian bonds. But they were related because other hedge funds saw similar discrepancies and they were all making similar bets.

0/5 (0)

Richard Thaler's Popular Quotes

0 Comments

Login to join the discussion