In 1973, three brilliant economists, Fischer Black, Myron Scholes, and Robert Merton, discovered a mathematical Holy Grail that revolutionized modern finance. The elegant formula they unleashed upon the world was sparse and deceptively simple, yet it led to the creation of a multi-trillion dollar industry. Their bold ideas earned Scholes and Merton a Nobel Prize (Black died before the prize was awarded) and attracted the elite of Wall Street. In 1993, Scholes and Merton joined forces with John Meriweather, the legendary bond trader of Salomon Brothers. With 13 other partners, they launched a new hedge fund, Long Term Capital Management, which promised to use mathematical models to make investors tremendous amounts of money. Their money machines reaped fantastic profits, until their theories collided with reality, and sent the company spiraling out of control. The crisis threatened to bring markets around the world to the brink of collapse.
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March 12th, 2012 at 6:00 am
@43894674126438564036 не ори ты так, все об этом знают. один вопрос как вас тупых американцев отфильтровать от ваших хитровыебанных политиков…?
March 12th, 2012 at 6:08 am
Nobody knew why Thailand went crazy? Only a total asshole would say this. What a bastard. We all know. We also know what Goldman sachs did to Japan WHILE THE TSUNAMI WAS KILLING EVERYONE, which the world bank spanked them for. You sick fuckers.
March 12th, 2012 at 6:45 am
1:45 I hope this works
March 12th, 2012 at 6:56 am
@spyknife of course not you idiot and idiots that liked your idiotic comment.
March 12th, 2012 at 7:47 am
playin galphh
March 12th, 2012 at 8:34 am
@spyknife if so, he’s a smarter manager…. he managed not to get caught yet, and retire before anything would be brought up against him
March 12th, 2012 at 8:59 am
Harold Camping was RIGHT about May 21, click on my channel to see…
March 12th, 2012 at 9:38 am
We need more talented financial mathematicians
March 12th, 2012 at 9:40 am
Forex Trading 1985 ——-> /watch?v=KACDo519ccY
March 12th, 2012 at 9:57 am
George Soros is king
March 12th, 2012 at 10:29 am
centsports . com/ref/282387/Dan_L
Remove the spaces and bet on sports! Absolutely free
March 12th, 2012 at 10:42 am
i love this fucking documentary
March 12th, 2012 at 11:28 am
Leo Melemed is a legend.
March 12th, 2012 at 11:33 am
@JakeMansonNYC i never mentioned the USSR ..
March 12th, 2012 at 11:43 am
Reminds me of Nassim Nicholas Taleb’s Black Swan.
March 12th, 2012 at 12:22 pm
@leebee39
vote for ron paul.
ron paul wants to end the federal reserve bank.
March 12th, 2012 at 12:54 pm
@spyknife no arbitrage is niether a ponzi scheme nor illegal…it is highly risky..Soros got lucky…
March 12th, 2012 at 1:15 pm
@spyknife Highly doubtful. A majority of assets in his fund/s are his own
March 12th, 2012 at 1:44 pm
Why does the world have to suck so bad?
March 12th, 2012 at 2:15 pm
this sickens me knowing that my home just burnt monthes ago and he making trillion dollars bets? may god bless him.
March 12th, 2012 at 2:52 pm
Interesting to see US dumbasses stating US should not pay their debts. Your banks ruined the worlds economics and you refuse to take responsibility.
US has the highest CO2 rate per citizen, the highest energy needs etc. just to have some hillbilly moron driving a 400BHP car to the supermarked, that is just 500m away.
I´d propose to swap the habitants of south america with the north america ones at once, just to pay back the rainforrest they were forced to burn to get a bit of wealth.
March 12th, 2012 at 3:29 pm
@Playboysmurf1 when the crash happens worldwide a new economic system will have to be built….we can only hope it is going to be like the implied Star Trek system where there is no money as we know it and the wealthy will be a thing of the past..I don’t have much hope for that..I think the powerful will impose an even more heinous system dividing the world into poor and extremely wealthy who will control every aspect of life like in an apocalyptic movie
March 12th, 2012 at 4:08 pm
@xadam2dudex USA WILL refuse to pay all debts and rely on its military strength to get the country through the following fallout, It is just a matter of when not if.
March 12th, 2012 at 4:10 pm
during any sort of a crisis you want to round up as many bitches as possible, that plan can never go wrong.
March 12th, 2012 at 5:03 pm
“Their bold ideas earned Scholes and Merton a Nobel Prize”
Holy s$it. Why? Just why??? They have done nothing to deserve a Nobel.