Victor Haghani – Master Class

Published on
March 31st, 2016
62 minutes

Victor Haghani – Master Class

Master Class ·
Featuring Victor Haghani

Published on: March 31st, 2016 • Duration: 62 minutes

Victor Haghani, Founder of Elm Partners Management LLC, presents a riveting Master Class that explores his career of fixed income arbitrage trading at Salomon Brothers, giving an inside look into the risky trades they were involved in, how models were not as present as many believe, the process of unwinding positions when the fund crashed and his epiphany to leave the financial industry for some years and return to learn how to invest in a family office form.


  • SH
    Stephen H.
    24 February 2019 @ 14:04
    Unique and insightful comments, a great interview.
  • AG
    Alexander G.
    2 April 2016 @ 20:18
    I can't understand all the downvotes; found it very honest and informative. Yes, LTCM blew up, but a) he freely admits it was their fault b) the first who's not guilty of moral hazard raise his hand
    • my
      markettaker y.
      31 July 2018 @ 01:16
      I almost wrote "I'm not guilty of moral hazard," but then realized that I am kinda.
  • NS
    Niek S.
    22 February 2018 @ 12:46
    Really an interesting interviews, the kind of videos I'm going back to nowadays
  • NF
    Nico F.
    31 March 2016 @ 15:20
    Excellent! Really appreciating this very rare insight into LTCM – an insight I can't get anywhere else.
    • KR
      Kevin R.
      24 June 2017 @ 17:11
      Agree but in total denial!!!
  • KR
    Kevin R.
    24 June 2017 @ 17:10
    Hard to believe they are allowed to still trade!!! What a shame!!!
  • TM
    Tariq M.
    26 May 2016 @ 17:14
    excellent insights for people who want to learn. ThanksRaoul and the team.
  • TH
    Tom H.
    20 May 2016 @ 14:39
    I am not sure why the thumbs up or down. It seems a bit childish to reduce all of these intelligent, successful people to these two poles.
  • JV
    Jens V.
    7 April 2016 @ 20:02
    Very interesting interview. A great catch for RV. Thanks Raoul and team.
  • OM
    Owen M.
    7 April 2016 @ 16:20
    Step 1: Start fancy hedge fund Step 2: Collect huge fees Step 3: Blow up hedge fund Step 4: Invest fees earned in index funds and retire
  • ml
    michael l.
    7 April 2016 @ 00:17
    Liked the interview. Interesting to hear his perspective on bond trading in the early 1990s, and I don't see the point in casting stones at him - maybe John Meriweather, but not Victor (too jr).
  • RP
    Robert P.
    6 April 2016 @ 15:21
    in total denial on culpability of LTCM. Could have used less bio and more market insight.
  • SD
    Stephen D. | Contributor
    5 April 2016 @ 02:58
    Ok, the guy was a (junior) partner at one of the biggest financial collapses 18 years ago, the RealVision audience seem very unforgiving. This was a great, insightful interview, and unique content.
  • BK
    Baron K.
    4 April 2016 @ 18:34
    This guy seems a little bit in denial on the outcome of LTCM.
  • AE
    Alex E.
    3 April 2016 @ 22:25
    Fascinating stuff...way above my pay grade but still fascinating! Victor made a small comment regarding experience being part of the game...I guess PHDs can gamble, too, eh?
  • CZ
    Catherine Z.
    3 April 2016 @ 03:24
    One would hardly realize that we're talking about a period of epic and colossal failures that nearly brought down the entire world financial system.
  • CZ
    Catherine Z.
    3 April 2016 @ 03:24
    Smart and insightful commentary. But had a hard time listening to the nostalgia and talk of the good ol' 'bonfire of the vanities' days when working on Wall Street was so much more 'fun'...
  • CH
    Calvin H.
    3 April 2016 @ 00:17
    Alexander, I agree. Raul could have done better to guide him. I went to the American School to. I enjoyed his instructional videos at the Elm website. His investing philosophy sounds Utopian
  • NK
    Nikos K.
    2 April 2016 @ 12:30
    magnificent interview. gave as a chance to understand in detail relative value and arbitrage trades in fixed income. once again thank you
  • JH
    Joe H.
    2 April 2016 @ 02:21
  • JH
    Joe H.
    2 April 2016 @ 02:21
    Good interview. More of a general comment about RVTV is that it's so much better than any other financial video conten bar none. Truly outstanding. Thank you, Rauol and Grant.
  • PR
    Peter R.
    1 April 2016 @ 17:10
    Interesting conversation, I can't say I understood anything about the bond trading strategies, but a smart guy. The last 10 mins on his investment concept worth digging into for any retail investors.
  • RM
    Richard M.
    1 April 2016 @ 14:54
    Very interesting and enjoyable conversation - he seems like a really nice guy too. And as always Raoul really pulled out some interesting tidbits with his line of questioning. Great stuff.
  • bp
    bart p.
    1 April 2016 @ 09:22
    Pretty cool to get insights on the LTCM debacle but I don't see why this is a masterclass despite the guy being 'smarter than the rest'.
  • AP
    A P.
    1 April 2016 @ 05:37
    Amazing get, RVTV! Victor's candor and perspective hugely appreciated. Wouldn't mind hearing even MORE about the LTCM trades. Please bring VH back regularly.
  • GB
    Gary B.
    1 April 2016 @ 02:19
    How do Nobel winners leverage 100 to 1 and nearly bring down the fin system? He talks about it in cold detached terms. Apparently he walked away a rich man Sickening. Don't know why he wasn't asked.
  • KS
    Kathleen S.
    1 April 2016 @ 01:16
    He seems to be exposing how the little guy is screwed and how pension and mutual funds can't create his moves. WOW!!! I can run a book and beat the stupid crowd. I am so impressed.
  • TS
    Thomas S.
    31 March 2016 @ 16:06
    I need to read When Genius Failed again.
  • RR
    Robert R.
    31 March 2016 @ 14:52
    Too much into the belly of the beast for me.