Gold just fell off a cliff..., page-199

Yep its worth studying AJ. LTCM is used as a case study at a lot of universities.
I suppose they were the first real algo players who claimed to have 'solved risk'.
Even one a Nobel prize for it, but the collapse of the USSR stuffed them as they hadn't catered for markets not functioning. Could be a very good example considering what is going on with Russia now.