Hard-Won Investing Lessons From A Survivor Of Long Term Capital Management | Victor Haghani

Wealthion - Be Financially Resilient · Oct 12, 2023 · 1h 8m

As regular viewers know, this channel's mission is focused on wealth building, how to help its viewers fund their life goals.

Risk management is a big part of successfully building wealth. But many people -- even sometimes the "smartest guys on Wall Street" -- fail to adequately protect themselves from downside risk.

Perhaps the best-known example of this is the surprise implosion of the hedge fund Long Term Capital Management, back in the late 1990s. The firm was helmed by some of Wall Street's most revered talent as well as several recipients of the Noble Prize in Economics -- and yet it…