Speaking to Legends

#1 Victor Haghani – Why No One Should Get Rich Twice

May 11, 2020 Nikita Fadeev Episode 1
Speaking to Legends
#1 Victor Haghani – Why No One Should Get Rich Twice
Show Notes Chapter Markers

Victor Haghani has been actively involved in the market for over 35 years and was one of the founding partners of Long-Term Capital Management. LTCM was one of biggest hedge funds, with $128 billion assets, until 1998 almost collapsing and causing a global financial crisis if the Federal Reserve didn't step in. In this episode, we discuss Victor’s early days at Salomon Brothers, the launch of LTCM, and the subsequent debacle. Victor reflects on his past and discusses lessons he learned from those experiences and how his investing style changed along the way.

For links, resources and book recommendations by Victor, see our episode show notes on our website.

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Salomon Brothers, Liars Poker and Trading
Launching LTCM
Main Strategy of LTCM
When did the situation get out of control?
Main lessons learned after LTCM's collapse
Principles Elm Partners is built on
Expectation Driven Sizing and Market Timing
Research on coin flipping betting games
Advice to younger self