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auvi
on March 9, 2014
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Mathematical Equations That Changed the World
Yeah I was also a bit surprised. LTCM's "Long-Term" was ~ 4 years (1994-1998) with a total loss around $4.6 Billion. That time seems to be very small compared to the ~ 2500 years of the list. And $4.6 Billion? It's not even one third of WhatsApp!
justincormack
on March 9, 2014
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LTCM was not the only outcome of it. Pretty much of all of modern finance is.
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