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The Long Term: Capitalism and Culture in the New Millennium

โœ Scribed by M.G. Piety

Book ID
111575339
Publisher
Springer
Year
2004
Tongue
English
Weight
111 KB
Volume
51
Category
Article
ISSN
0167-4544

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In 1998, the Long Te rm Capital Management Investment Tr ading Company, the richest and most prestigious firm of its kind in the world, began to lose hundreds of millions of dollars within weeks as its excessively high-risk trading positions turned against it. A consortium of financial institutions,