| ▲ | d_silin a day ago | |
Reminds me of LTCM fund story (very smart people X highly leveraged portfolio = a perfect recipe for massive losses on black swan day) | ||
| ▲ | vzcx a day ago | parent [-] | |
LTCM was actually a lot more sophisticated, this fund's thesis was basically "number go up." Count the OOMs! | ||