Volcano Pompeii. Before its catastrophic eruption of 1991, Pinatubo was an inconspicuous volcano, unknown to most people in the surrounding areas. Two other examples are the long-dormant Soufrière Hills volcano on the island of Montserrat, thought to be extinct before activity resumed in 1995, and Fourpeaked Mountain in Alaska, which, before its September 2006 eruption, had not erupted since before 8000 BCE and had long been thought to be extinct. The three common popular classifications of volcanoes can be subjective and some volcanoes thought to have been extinct have erupted again. To help prevent people from falsely believing they are not
Long-Term Capital Management on more traditional investment vehicles, such as mutual funds, as established by the Investment Company Act of 1940—funds which accepted stakes from 100 or fewer individuals with more than $1 million in net worth each were exempt from most of the regulations that bound other investment companies. In late 1993, Meriwether approached several "high-net-worth individuals" in an effort to secure start-up capital for Long-Term Capital Management. With the help of Merrill Lynch, LTCM secured hundreds of millions of dollars from business owners, celebrities and even private university endowments and later the Italian central bank. The bulk of the money, however,