<prompt> Translate the following text to EnglishKama mwandishi wangu anavyotukumbusha, watu waliofanya LTCM walielewa kila kitu kuhusu aina hii ya kitu - kwa kweli, washindi wa tuzo za Nobel walipata tuzo zao kwa, nadhani nini, kuendeleza nadharia ya kisasa ya bei ya chaguo.  <response>: And as my correspondent reminds us, the people who ran LTCM understood all about this sort of thing--indeed, those Nobel laureates got their prizes for, guess what, developing the modern theory of option pricing. 