Three Arrows Capital, Long Term Capital Management and George Soros all have something in common, making massive one-directional bets, but their outcomes were dramatically different. — History is written by survivors and as such, survivorship bias colors the lens by which we view and perceive things that have happened. In the summer of 1998, when most self-respecting hedge fund managers were playing with their yachts, the Nobel Prize-winning economists and renowned Wall Street traders at Long…