Do you know the number one obstacle to financial success? Time or lack of it.

Without enough time you can't learn efficiently, plan effectively, or focus on the right strategies.

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Get a taste of financial freedom with our free offer at realvision.com forward slash free. You know things haven't always been the way they are today.

Before the hundreds of billions in corporate bailouts and trillions in quantitative easing,

there was a simpler time, a more naive time, a time of

complete certainty when we believed that there was no way our financial models

and investment strategies could possibly be wrong.

It was a time when the smartest 20 guys on Wall Street all had PhDs and some were even

Nobel Prize winners.

And between them, they seemed to possess the magic formula,

which enabled them to make money at will. It was the best of times and everything worked.

Until one day, it didn't.

And when it all stopped working,

those same 20 guys and their small hedge fund threatened to bring down the entire

global financial system.

And on that fateful day in 1998, a chain of events was set in motion that set the precedent for the morally

hazardous financial landscape we encountered today.

In this episode, we turned back the pages of financial history to an all too recent chapter and hear from a man who sat at the epicenter of the meteoric rise and catastrophic collapse of long-term capital management, the hedge fund that almost broke the world.

This week on Adventures in Finance, the end of innocence and the birth of moral hazard. Also coming up in this week's episode we have our usual long short segment

where Aaron and I discuss the good and of course the not so good stories of the

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