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The Mida Formula: A Trillion Dollar Bet is a 1999 BBC Horizon Documentary. It details the mathematical Black-Scholes formula that revolutionized the options industry. Its inventors received the Nobel Prize in Economics for their work, and the formula was utilized by Long Term Capital Management (LTCM). LTCM was a hedge fund that grew to be massive based on the initial returns, but then collapsed, losing billions and nearly bringing down the entire financial system with…
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