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How did long term capital management collapse?

2024-11-24 21:50
2024-11-24 23:10

Long - term capital management collapsed mainly due to excessive leverage. They borrowed a large amount of money to make bets in the market. When the market conditions changed unfavorably, they couldn't cover their losses.

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LTCM's collapse was the result of multiple factors. Their models, which were based on historical data, didn't anticipate the extreme events like the Asian financial crisis and the Russian debt default. They also had a high degree of leverage, meaning they had borrowed a great deal of money relative to their equity. So when the market moved against them, their losses were magnified to an unsustainable level. Moreover, their trading strategies were not as diversified as they thought, leading to a domino - effect of losses across different positions.

Well, LTCM collapsed because they were over - confident in their trading strategies. They used very complex models that assumed a certain level of market stability. But when events like the Russian debt default occurred, the market became extremely volatile. Their high leverage meant that they couldn't afford the losses. They had made large bets on the convergence of certain asset prices, but instead, the prices diverged. And since they had borrowed so much money, they didn't have enough capital to cover the losses, which ultimately led to their collapse.

Latest Questions

What should I say in a poem to send a parting friend?

1 answer
2025-03-07 18:34

There are many poems that can be used as a reference for the following more classic poems: I go my separate ways, gazing at the Great Wall with tears in my eyes. 2. The flowers fall in Jiangnan, and the water flows with merciless hatred. Three days apart, thousands of miles away. A bosom friend in the sea is like a neighbor in the far end of the world. If life is only like the first time, what is the autumn wind sad painting fan? The green mountains were still red at sunset. Parting is bitter, parting is hard, parting is even more sad. When will the bright moon appear? I take my wine and ask the blue sky. 9 If you go far, you will be self-sufficient. If you climb high, you will feel inferior. 10 Alone in a foreign land, as a stranger, I miss my family more every festival.

How to write a good narrative, such as writing about things or people, how to integrate your emotions into the composition and make the teacher feel good

1 answer
2025-03-07 18:34

There were a few points to note when writing a good narrative: 1. Grasp the core elements of the story: The core elements of a narrative include time, place, characters, events, emotions, and so on. When writing, you need to grasp these elements and highlight them so that readers can better understand the story. 2. Use vivid image language: Image language refers to using vivid image language to describe characters, scenes, and things so that readers can feel the feeling of being there. When writing, the readers could understand the story better through vivid descriptions and figurative metaphor. 3. Focus on emotions: Emotions are a very important part of a narrative. By describing the emotions of the characters, scenes, and events, the readers could better feel the depth and delicacy of emotions. When writing, one needed to highlight emotions through appropriate descriptions and lyricism. 4. Let the teacher feel his own emotions: When writing, you can let the readers feel their own emotions through description and lyricism. For example, when describing a character's emotions, one could express the character's emotional state through personal language and image description, so that the teacher could feel the character's emotions. Pay attention to structure and logic: structure and logic are also very important in narrative writing. Through a reasonable structure and logic, readers could better understand the story and have some inspiration for their own writing. When writing, you need to pay attention to the structure and logic of the story to make it clearer and easier to understand.

Which novel had the theme of being struck by lightning in modern times and reincarnated in ancient times, and the protagonist was called a lover?

1 answer
2025-03-07 18:34

'The Male Lead's Vicious Ex-Wife' is a modern romance novel written by Xia Zhiliu. The general plot of this novel is as follows: Gu Yunxi transmigrated to a novel and became a cannon fodder female supporting character. When the male protagonist learned that the female protagonist was coming back, he immediately divorced her. He found out the reason why the female lead left. He immediately treated the female lead and found out that the antidote for V1 was the female lead. Yueyue's blood supply was insufficient, so he used her heart as a drug primer. When Gu Yunxi found out about her fate, she immediately divorced the male protagonist and ran far away with her child. The male protagonist learned that his wife had run away with his child. "Where are you going?" Yes." He smiled wickedly. "Me, me." "Sister Gu, where are you going? Didn't you say that you would take care of me for the rest of my life?" "You have to take care of her for the rest of her life." 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He was resurrected from the dead, followed by an inexplicable imperial edict, granting him the marriage of the Snow King, the ominous son of a dynasty. [First time] When they met on the street, he was surrounded by a crowd and she stopped him. "Husband, what do you want?" she asked. "Wifey, do whatever you want," he said. Thus, she carried him and stepped on the wind, breaking the shoulder bones of the people on the street. During the [Second] wedding, he didn't say a word in the face of everyone's difficulties. His hands under his sleeves were clenched tightly. She gently held his hand and swore to everyone in the hall,"He is the person I, Gu Ruofeng, will protect in this life." Anyone who bullies him will be repaid a hundredfold, and those who hurt him will be repaid a thousandfold!" As soon as he finished speaking, the head of the person who had previously spoken ill of him and wanted to do evil fell to the ground. 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However, on the path of fate, she met another person she loved, and because of a conspiracy, she was carried to her enemy's side by a bridal sedan on the day of her wedding... From then on, love gave birth to hatred, and their fate was bumpy. They cut through all the thorns along the way... I'll pull out the clouds and see the sun! ---------------------------- "Reincarnated as the Empress: Marry the Scumbag's arch-enemy" was an ancient romance novel written by the author, Feng Qi Shi. The general plot of this novel was: Her husband, who was about to marry her, personally sent her to hell. Before her soul was scattered, she heard someone whispering their love…After her rebirth, the cruelty of her sisters, the hypocrisy of her loved ones, and the despicableness of a scumbag had all become the foundation for her to reach the peak... As for that man, she had wanted to avoid him, but who knew that his deep voice would echo in her ears again."You are my empress. Where are you trying to escape to?" ---------------------------- The book,"The Love of the Two Worlds", was a fantasy romance novel written by the author, a fairy. The general plot of this novel was: An ancient woman had transmigrated to the modern world, a world where supernatural powers ruled the world. She fell in love with someone she shouldn't have liked. The right person had already appeared. Should she resign herself to fate and marry the one who was willing to be fated, or should she defy fate and change her fate to marry the one who would never abandon her? He had tortured a little girl from another world who had transmigrated to ancient times, a person who had once been loved by thousands of people, transmigrated to an extremely unloved concubine's daughter, and had to marry a sickly prince who had been plagued by illness since he was young and would not live for many days? 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The main character was a woman with superb medical skills, and the male protagonist was a brave warrior. The plot was exciting.

1 answer
2025-03-07 18:34

I think the Heart Cleansing Record of the Blue Sea might meet your needs. This book was a Xianxia-Cultivation Civilization novel. It was set in ancient times and focused on Buddhism, Taoism, and Confucianism. In the novel, it described the world's major events, Buddhism, Taoism, Confucianism, and other plots. The male and female protagonists also met on the lake. I hope you like my recommendation, Mwah ~😗

Please recommend a few good novels. It can be of any genre, but the writing must be good. It can't be a small novel, and it must be finished. Thank you!

1 answer
2025-03-07 18:34

😋I recommend the following completed novels to you: 1. "Fake Marriage, Love Trial" Modern Romance-City Life, by Ai Xixi. The female lead was a lawyer, and the male lead was a surgeon. 2. "I heard that Uncle Master is very cold": Legend of Xianxia (classical Xianxia genre). The author is a fire fox, the male lead is Uncle Master, and the female lead has traveled to ancient times. 3. "Romance Three-Eyed Demon" was a cultivation civilization genre. The author was Jiang Houlang. The plot involved the unbreakable love between the three races, power, reputation, money, and love. 4. "The Little Poison Concubine Bathing in Fire" was an ancient romance story. It was written by Wax Rice Rabbit. The female protagonist was married to the cold-blooded and ruthless Tiansha Lonely Star as a princess. After transmigrating, she had a powerful superpower. I hope you like my recommendation.😗

Shandong is developing very fast

1 answer
2025-03-07 18:34

This question was a little difficult. He needed to provide more information. According to my knowledge of online literature, Shandong can develop very quickly and become famous, but I need more information about this. For example, the style and theme of his works. If I have more information, I will try my best to provide you with an accurate answer.

Can you recommend some novels related to the entertainment industry?

1 answer
2025-03-07 18:34

😋I recommend the following novels to you: 1. "The Little Ancestor of the Godfather of the Entertainment Industry Slaps Her Own Face Again": It was about the father of the new movie queen, Lin Ranran, who was the leader of the entertainment industry. Her own love and career life also received much attention. The types are sweet pet, double clean, cool text. 2. "The Old Cannon in the Entertainment Industry": The story of a newbie in the entertainment industry becoming a big shot. The genre was urban and entertainment stars. 3. <<Rebirth of the Entertainment Industry: The Foppish Movie Queen>>: After the female protagonist who was forced to make a will was reborn, she decided to find her enemy, but realized that she was not strong enough. At this moment, a certain man stood up to dote on his wife and activated the sweet pampering mode. The genre was modern romance and entertainment stars. 4. "Extraordinary Life in China Entertainment": The male protagonist's soul travels back to 2012, discovers the variety of the entertainment industry, and begins to conquer the entertainment industry. The genre was urban and entertainment stars. 5. <<Rebirth Entertainment's Top Queen>>: Hua Liuying is the Queen of the entertainment industry. Every film and television drama is a sold well. The male actors who have worked with her have all become A-listers. Her strength is outstanding, but she has an unreliable character. The genre was modern romance and entertainment stars. I hope you like this fairy's recommendation. Muah ~😗

Chapter 1 to Chapter 3 of Blue Bird

1 answer
2025-03-07 18:34

The first to third chapters of " Blue Bird " were mainly about the love story between the protagonist Lee Eun Sang and his girlfriend, Yang Meizhu. In the first chapter, Lee Enshang had just graduated from university and entered an advertising company to work. He met Yang Meizhu, a gentle and kind girl, and the two of them began a sweet relationship. However, Lee Enshang realized that Yang Meizhu seemed to be hiding some secrets. He began to suspect Yang Meizhu. In the second chapter, Lee Enshang and Yang Meizhu came to an island because of work. Here, they experienced some romantic adventures and discovered more truths about each other. However, Lee Eunsang's ex-girlfriend suddenly appeared and gave them a blow. In the third chapter, Lee Eunshang and Yang Meizhu decided to disclose their relationship, but they also faced pressure from society and family. In the end, they decided to face everything bravely and stick to their beliefs. " Blue Bird " was a modern romance novel with delicate emotions and complicated plots. Through the stories of Lee Eunshang and Yang Meizhu, it showed the challenges and difficulties faced by young people in the face of love and career. The novel was full of romantic and thrilling elements, but it also reflected the deep thinking of human nature and social problems. The reader can feel the power of love and the conviction and courage to stand firm in the face of adversity.

I've been looking forward to it all my life. The meaning is similar all the year round.

1 answer
2025-03-07 18:33

The following are some classic sayings that have similar meanings to "Ping Gu's life until now": One should cherish the time and live each day well. Life is short. We have to do more meaningful things with the limited time. The meaning of life is to constantly pursue and surpass oneself to realize the value of life. The value of life lies not in its length but in its meaning. Life is like a dream. We must feel it with our heart and create beauty with love. Life is limited. We must live a wonderful and meaningful life in the limited time. The ultimate goal of a lifetime of struggle is to let yourself and your family live a happy and beautiful life. Life is a precious gift. We must cherish it and savor its beauty with our heart. The value of life is not in how much you get, but in how much you give. Life is short. We have to use the limited time to create unlimited value.

Can you recommend a novel with a stupid main character?

1 answer
2025-03-07 18:33

The book " I Only Know Ultimate " was a novel where the main character had very poor talent. Yu Yi, who had transmigrated to the Naruto World, had an ordinary identity and extremely poor talent in ninja. He did not even know simple clone techniques, but his ultimate skill could make his enemies despair. This novel was suitable for readers who had read Naruto before, as well as novices who did not know much about it. I hope you will like this recommendation.

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