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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Joshua Corbin who wrote (808)11/22/2000 3:40:45 PM
From: .Trev  Read Replies (2) of 74559
 
"<The boys at Long Term Capital Management were the smartest traders in history. They had big computers and probability tables. And they got clobbered.?"

That's not really accurate you know . The people who got clobbered were the financiers, Swiss banks etc, and the US through the support that was organised. By the time the axe fell "the boys" you mention were long gone, they didn't even own their stock in the company, haviing pledged it for additional credit, which funds had mysteriously disappeared.
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