When Genius Failed

Release on 2001-01-18 | by Roger Lowenstein

“A riveting account that reaches beyond the market landscape to say something universal about risk and triumph, about hubris and failure.”—The New York Times NAMED ONE OF THE BEST BOOKS OF THE YEAR BY BUSINESSWEEK In this business ...

When Genius Failed
  • Author: Roger Lowenstein
  • Publisher: Random House
  • ISBN: 9780375506444
  • Category: Business & Economics
  • Page: 288
  • View: 622

When Genius Failed

“A riveting account that reaches beyond the market landscape to say something universal about risk and triumph, about hubris and failure.”—The New York Times NAMED ONE OF THE BEST BOOKS OF THE YEAR BY BUSINESSWEEK In this business classic—now with a new Afterword in which the author draws parallels to the recent financial crisis—Roger Lowenstein captures the gripping roller-coaster ride of Long-Term Capital Management. Drawing on confidential internal memos and interviews with dozens of key players, Lowenstein explains not just how the fund made and lost its money but also how the personalities of Long-Term’s partners, the arrogance of their mathematical certainties, and the culture of Wall Street itself contributed to both their rise and their fall. When it was founded in 1993, Long-Term was hailed as the most impressive hedge fund in history. But after four years in which the firm dazzled Wall Street as a $100 billion moneymaking juggernaut, it suddenly suffered catastrophic losses that jeopardized not only the biggest banks on Wall Street but the stability of the financial system itself. The dramatic story of Long-Term’s fall is now a chilling harbinger of the crisis that would strike all of Wall Street, from Lehman Brothers to AIG, a decade later. In his new Afterword, Lowenstein shows that LTCM’s implosion should be seen not as a one-off drama but as a template for market meltdowns in an age of instability—and as a wake-up call that Wall Street and government alike tragically ignored. Praise for When Genius Failed “[Roger] Lowenstein has written a squalid and fascinating tale of world-class greed and, above all, hubris.”—BusinessWeek “Compelling . . . The fund was long cloaked in secrecy, making the story of its rise . . . and its ultimate destruction that much more fascinating.”—The Washington Post “Story-telling journalism at its best.”—The Economist

More Books:

When Genius Failed
Language: en
Pages: 288

When Genius Failed

Authors: Roger Lowenstein
Categories: Business & Economics
Type: BOOK - Published: 2001-01-18 - Publisher: Random House

“A riveting account that reaches beyond the market landscape to say something universal about risk and triumph, about hubris and failure.”—The New York Times NAMED ONE OF THE BEST BOOKS OF THE YEAR BY BUSINESSWEEK In this business classic—now with a new Afterword in which the author draws parallels to
Big Mistakes
Language: en
Pages: 192

Big Mistakes

Authors: Michael Batnick
Categories: Business & Economics
Type: BOOK - Published: 2018-06-13 - Publisher: John Wiley & Sons

A Must-Read for Any Investor Looking to Maximize Their Chances of Success Big Mistakes: The Best Investors and Their Worst Investments explores the ways in which the biggest names have failed, and reveals the lessons learned that shaped more successful strategies going forward. Investing can be a rollercoaster of highs
Trading the Trend (Collection)
Language: en
Pages:

Trading the Trend (Collection)

Authors: Michael Batnick
Categories: Electronic books
Type: BOOK - Published: 2012 - Publisher: FT Press

Books about Trading the Trend (Collection)
The Oxford Magazine
Language: en
Pages:

The Oxford Magazine

Authors: Michael Batnick
Categories: Electronic books
Type: BOOK - Published: 1889 - Publisher:

Books about The Oxford Magazine
The End of Wall Street
Language: en
Pages: 384

The End of Wall Street

Authors: Roger Lowenstein
Categories: Business & Economics
Type: BOOK - Published: 2010-04-06 - Publisher: Penguin

Watch a Video Watch a video Download the cheat sheet for Roger Lowenstein's The End of Wall Street » The roots of the mortgage bubble and the story of the Wall Street collapse-and the government's unprecedented response-from our most trusted business journalist. The End of Wall Street is a blow-by-blow

Popular All Time

The Holy Word for Morning Revival - Crystallization-study of Job, Proverbs, and Ecclesiastes, Volume 2
The Women of the Bible Speak
I Give Up
Woman Evolve
Winning the War in Your Mind
The Holy Word for Morning Revival - Crystallization-study of Job, Proverbs, and Ecclesiastes, Volume 1
When God Winks at You
Forgiving What You Can't Forget
Diary of Saint Maria Faustina Kowalska: Divine Mercy in My Soul
Don't Drop the Mic
Carrying the Presence
We Will Not Be Silenced
Listening to the Heart
Keys to the Deeper Life
Kingdom Men Rising
Fault Lines
Get Out of Your Head
Jesus Calling

Recent Books: