In Episode 15 of The Investing Show, we delve into the fascinating collapse of Long Term Capital Management (LTCM) 25 years ago. Featuring an interview with Victor Haghani, a founding LTCM partner, the episode reveals how LTCM's initial success with complex mathematical models gave way to a catastrophic crisis triggered by unforeseen events like Russia's debt default. Haghani's personal insights shed light on the lessons learned, and his post-LTCM journey led him to endorse low-cost index investing. This episode challenges conventional wisdom, emphasising the importance of diversified, long-term investment strategies in the face of unexpected market turbulence. Tune in for a thought-provoking discussion.