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The Co-Founder Of Long-Term Capital Management Wants You To Learn Your Financial Formulas
"You're invited to a talk by a hedge fund manager who was a partner at a fund that famously flopped about 20 years ago. You turn up, hoping to hear some valuable insights, or at least some entertaining tales, but instead you are offered a stake of $25 to take out your laptop to bet on the flip of a coin for thirty minutes. You're told the coin is biased to come up heads... Full investment news article
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Capital Management House,