There were two Nobel Laureates in Economics, and their impact on not only Wall Street but also the financial world was truly remarkable. They created financial derivatives and caused a mathematical economic boom. However, these two great professors were placing all of their assets, including the Nobel Prize reward, in LTCM, and worked as partners in the firm. Everyone believed that LTCM would bring everything they wanted to become successful back then, and LTCM actually had become a global hedge fund. They managed a trillion dollar fund and were placing large bets on Russian government bonds. This meant that the two Nobel Laureates believed that Russia would never collapse. 

Therefore, who would join us under such circumstances? Kim Cheong-Soo from New York and Gillian from the Isle of Man were suffering and enduring the pressure of our enemy. At that time, my offshore funds showed a two-digit loss rate. The numbers were showing...