Jacob Goldstein
Jacob Goldstein spent more than a decade as co-host of the Planet Money podcast. He's also the author of the book Money: The True Story of a Made-Up Thing, which the New…
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John Meriwether assembled the smartest team on Wall Street. In the 1980s, he combed Harvard and MIT for geniuses to join him at Salomon Brothers and make the investment bank a fortune with arbitrage – the trick of buying an asset cheap in one place and quickly selling it for a profit in another.
When he parted ways with Salomon Brothers, Meriwether took his “nerds” to set up a hedge fund. They prospered – making themselves and their clients rich. Two employees even picked up a Nobel Prize. But Long Term Capital Management operated in the real world – where projections and charts and formulas can’t protect you from political chaos and economic turmoil.
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The Hosts
Robert Smith
Robert Smith, co-host of the Business History podcast, is a Professor of Journalism at Columbia University and contributing host of NPR's Planet Money where he tells stories about how the…
