9 Timeless investing lessons from "Long Term Capital Management": the largest investment fund failure!
http://www.drvijaymalik.com/ , I read it and it seems interesting so copycatted here.(i hope that it is not crime) Some may already read and some may not and this is for the second one.
The following is that article
Recently, I read the book “When Genius Failed”, written by Roger Lowenstein. This book is the story of rise & fall of Long Term Capital Management (LTCM), the largest hedge fund of its time. LTCM was started in 1994 by John Meriwether who was a Wall Street veteran and once a part of Salomon Brothers, an old Wall Street investment bank. However, the fund drew its real fame from its investment management team that constituted of many Nobel laureates.