LTCM – It Could Never happen Again – Well it Did!
After LTCM, leverage was identified as a key factor in its collapse, it was a feature of the Global Financial in 2008 and yet again in the case of Archegos…
The Big Short 2.0
Like most Big Trades, the fundamental rules remain the same! Liquidity, timing & luck! As John Maynard Keynes allegedly said, “Markets can stay irrational longer than you can stay solvent.”…