Thursday, June 09, 2005

Brad DeLong's Website: An Historical Document: Long-Term Capital Management CEO John Meriwether Asks for Money

If this is real, it will definitely be discussed in class. However, I am not sure if it is. A letter from John Meriwether during the collapse of LTCM.

Brad DeLong's Website: An Historical Document: Long-Term Capital Management CEO John Meriwether Asks for Money

Thanks to MoneyScience and Brad Delong for pointing it out.

1 comment:

jtreat said...

In "When Genius Failed," an account of LTCM's demise, author Roger Lowenstein describes this letter with a few details: see the start of Lowenstein's chapter 9.

It was leaked to Bloomberg where it was immediately published. The Wall Street Journal did a story about the letter the following day 9/3/98; as did Jim Cramer on thestreet.com (9/3/98) -- both cited in Lowenstein's book...