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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: .Trev who wrote (878)11/23/2000 9:36:32 AM
From: marginmike  Read Replies (1) | Respond to of 74559
 
The boys at LTCM got clobered because some clown at Goldman showed everyone on the street their positions and they went in to clober them.



To: .Trev who wrote (878)11/23/2000 3:54:01 PM
From: Joshua Corbin  Respond to of 74559
 
By the time the axe fell "the boys" you mention were long gone, they didn't even own their stock in [Long Term Capital Management]

If I remember "When Genius Failed" correctly, the eggheads dumped their bonuses back into the fund and got smashed like the rest of them.