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BCB063_JAMES LAVISH: The Bitcoin Sleeping Giant

Blue Collar Bitcoin

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Long Term Capital Management

In 19 98, martin shoales had started a hedge fund with a couple of other geniuses. They were isolating alpha, but they were leveraging their trades. These guys were levered a hundred to one. And so when the housing crisis happened, the first thing they did stepped in. The whole street was impacted. So back then, it wasn't that much money that the that took to ou was in the billions,. But that set the stage for two thousand and eight.

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