BBC - Horizon - 1999 - The Midas Formula (LTCM, Black-Scholes)

This documentary is the British dubbed version of the 1999 PBS documentary "The trillion dollar bet". This documentary features interviews with Myron Scholes and Robert Merton who , with the late Fischer Black, developed the Black-Scholes model (option pricing formula). There is also a good deal about the (in)famous hedgefund "Long Term Capital Management) LTCM, which at its pinnacle controlled positions valued at $1200 billion! Bankruptcy was narrowly avoided in the late 90's with a massive bailout, arranged by the New York FED, by the world's largest banks. There was a fear that global financial markets would seize to work if the fund went bust. This is a great documentary for anyone working with or studying finance or simply have a general interest in the subject. Nova Online @ PBS: http://www.pbs.org/wgbh/nova/stockmarket/ Teaser: http://www.you tube.com/watch?v=xGfXyVtiB1E Enjoy =) By PÃ¥l R.

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Trailerpromo (2007-12-10)

Also the story about the unforeseen flap of a butterfly's wing causing a hurricaine on the other side of the planet..
Grand stuff and fairly simple presented