Russia Crisis Hits Pimco Fund, Wipes Out Options

[mahatmakanejeeves]

4. I understand what you're saying, but isn't it a ...

(heading to Wikipedia)

Nobel Memorial Prize in Economic Sciences

So it's sort of like a Nobel Prize in some ways, but it isn't one really?

Disclosure: I bought into an index fund after the -LTCM debacle-induced price decline. It was one of the rare instances in which I was able to time things just right. I did not replicate that "wisdom" {read: luck} during the dot com debacle.

I'm going to link to some PBS websites about LTCM:

The Crash - Unraveling the 1998 Global Financial Crisis

Trillion Dollar Bet

Welcome to the companion Web site to "Trillion Dollar Bet," originally broadcast on February 8, 2000. The film tells the fascinating story of the invention of the Black-Scholes Formula, a mathematical Holy Grail that forever altered the world of finance and earned its creators the 1997 Nobel Prize in Economics. Here's what you'll find online:
{snip}