Eric Rosenfeld Talking LTCM, Ten Years Later

Fascinating, must-watch video of Eric Rosenfeld talking recently at MIT about the collapse of hedge fund Long-Term Capital Management (LTCM), and the myths and lessons therein. What makes this particularly noteworthy, of course, is that Rosenfeld was an LTCM principal, so he is talking from his own experience, as well as engaging in some unapologetic revisionism. Remarkable stuff.

[MIT TechTV via FinanceProfessor]