Wall Street's Truth - LTCM
Location: LTCM
JM: Gentlemen, I just realize that we are so smart. Everything we do makes money! Let's leverage up and make more money!
RM: Let's make millions!
MS: No, let's make billions!
DM: No, let's make trillions!
ER: You guys are geniuses! Literally!
Location: Unknown Secret Head Quarter for Big Traders
Secret Big Trader 1: Those LTCM guys think they are so smart. We got to risk our capital to teach them a lesson.
Secret Big Trader 2: I am with you on that one. They don't seem to be aware of the liquidity problem.
Secret Big Trader 3: They are totally clueless. lol
Secret Big Trader 1: Let me tell you what we will do. We will take the other side of every trade they make.
Secret Big Trader 4: Good idea! Let's do it!
Location: LTCM
JM: We are ruined! Our position got too big! We need a bail out!
RM: We should have consider the liquidity of the market.
MS: What's liquidity?
DM: I have no clue.
ER: Don't look at me. I just do math.
Location: LTCM
JM: Gentlemen, I just realize that we are so smart. Everything we do makes money! Let's leverage up and make more money!
RM: Let's make millions!
MS: No, let's make billions!
DM: No, let's make trillions!
ER: You guys are geniuses! Literally!
Location: Unknown Secret Head Quarter for Big Traders
Secret Big Trader 1: Those LTCM guys think they are so smart. We got to risk our capital to teach them a lesson.
Secret Big Trader 2: I am with you on that one. They don't seem to be aware of the liquidity problem.
Secret Big Trader 3: They are totally clueless. lol
Secret Big Trader 1: Let me tell you what we will do. We will take the other side of every trade they make.
Secret Big Trader 4: Good idea! Let's do it!
Location: LTCM
JM: We are ruined! Our position got too big! We need a bail out!
RM: We should have consider the liquidity of the market.
MS: What's liquidity?
DM: I have no clue.
ER: Don't look at me. I just do math.