Long-Term Capital (1998) #financialhistory #history #historyfacts #alberteinstein #facts

Ajouté : 2026-05-28

[00:00:00]Two men won the Nobel Prize for a formula that erased risk. 11 months later, it lost $4 billion in 5 weeks.

[00:00:08]They were not crooks. They were the smartest people on Wall Street, and the math was right. They borrowed $25 for every one they had. [music] Then Russia defaulted, and every bet on Earth broke in the same second. The Federal Reserve had to lock the banks in a room to stop the whole system from collapsing. The smartest fund in history dead in 35 days. Full story on the channel.