10) Long Term Capital Management

The brightest star in the financial world, it was a hedge fund that was too big to fail. Built by legends of Wall Street and two Nobel laureates, it spiralled to ever greater heights, commanding unimaginable wealth.

Therefore, when it fell to earth in September 1998, it shook the world. Long Term Capital Management lost more than 90% of its capital and cost loss of at least $4 billion.

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