For those interested in the LTCM article here you go: http://online.wsj.com/article/SB120658664128767911.html?mod=hps_us_whats_news
Quote from wsj article Mr. Meriwether's recent troubles partly stem from borrowing. His bond fund had $14.90 in borrowed money for every $1 in equity Guy has learnt nothing. From the graphic I guesstimate that he is up 87% over the last 8 Years. Now loses 30% in the last 3 months annualized thats -120%. They had better hope that his losses don't continue.