The Profit Prophet

The Algorithm That Ate Wall Street: How Long-Term Capital Management's Nobel Prize Winners Lost $4.6 Billion in Four Months

Episode Summary

Before anyone had heard of Quibi, there was LTCM—a hedge fund run by Nobel laureates and bond trading legends who built the most sophisticated financial models Wall Street had ever seen. Then Russia defaulted on its debt, and their 'impossible to fail' algorithms nearly brought down the global financial system.