When Genius Failed: The Rise and Fall of Long-Term Capital Management

Read ! When Genius Failed: The Rise and Fall of Long-Term Capital Management PDF by ! Roger Lowenstein eBook or Kindle ePUB Online free. When Genius Failed: The Rise and Fall of Long-Term Capital Management 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.. With a new Afterword addressing today’s financial crisisA BUSINESS WEEK BEST BOOK OF THE YEARIn this business classic—now with a new Afterword in which the author draws parallels to the recent financial crisis—Roger Low

When Genius Failed: The Rise and Fall of Long-Term Capital Management

Author :
Rating : 4.45 (898 Votes)
Asin : 0375758259
Format Type : paperback
Number of Pages : 304 Pages
Publish Date : 2016-11-06
Language : English

DESCRIPTION:

Lowenstein's smooth, conversational but equally urgent tone carries it along well. The arbitrageur's world is a complicated one, and it might have served Lowenstein well to slow down and explain in greater detail the complex terms of the more exotic species of investment flora that cram the book's pages. LTCM began trading in 1994, after completing a road show that, despite the Ph.D.-touting partners' lack of social skills and their disdainful condescension of potential investors who couldn't rise to their intellectual level, netted a whopping $1.25 billion. On September 23, 1998, the boardroom of the New York Fed was a tense place. --S. However, much of the intrigue of the Long-Term story lies in its dizzying pace (not to mention the dizzying amounts

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.. With a new Afterword addressing today’s financial crisisA BUSINESS WEEK BEST BOOK OF THE YEARIn 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. 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 its

"Will be A Classic" according to Amazon Customer. I read this book a few years ago. It was great then and still is.I bought it for two reasons. My original read was from a library copy, and the book is so good I wanted a personal copy.Second, I've recently read a good bit about the 2007-2008 craziness. So I wanted to see how the two incidents compared and how Lowenstein's book compares with the many about 2007-2008.I'll share my conclusion about this book. From my perspective, one of the best pieces around concerning capital markets history. Lowenstein is a great story teller. Reading this book is motivating me to read some of his others.. Interesting book Huberto M. Ennis Pretty entretaining book and pretty interesting episode to read about. Well written but the author engages in some grandious explanations of the fundamental causes of the crisis that I don't think he can convincigly justify. Plus he treats some of the guys involved as missing some pretty obvious points which also seems implausible. But this stuff is not too prevalent in the book and can be easily read and move on.. Øystein Sjølie said Debt kill even the best ideas. The definitive volume about Long Term Capital Management (LTCM) is highly recommended. It is a popular, non-technical and, to certain degree, moralistic guide to the birth of the extremely leveraged hedge-fund, and an exciting drama of the rescue mission during the credit crisis in September 1998.LTCM was founded by John Meriwether. The driving ideas was to assemble several really smart guys, get a big equity capital and leverage it heavy. Meriwether succeeded, and launched LTCM in 9Debt kill even the best ideas Øystein Sjølie The definitive volume about Long Term Capital Management (LTCM) is highly recommended. It is a popular, non-technical and, to certain degree, moralistic guide to the birth of the extremely leveraged hedge-fund, and an exciting drama of the rescue mission during the credit crisis in September 1998.LTCM was founded by John Meriwether. The driving ideas was to assemble several really smart guys, get a big equity capital and leverage it heavy. Meriwether succeeded, and launched LTCM in 94, with two Nobel laureates, $ 2,5 billion in equity and banks promising loans to leverage it 30 times.In the . , with two Nobel laureates, $ "Debt kill even the best ideas" according to Øystein Sjølie. The definitive volume about Long Term Capital Management (LTCM) is highly recommended. It is a popular, non-technical and, to certain degree, moralistic guide to the birth of the extremely leveraged hedge-fund, and an exciting drama of the rescue mission during the credit crisis in September 1998.LTCM was founded by John Meriwether. The driving ideas was to assemble several really smart guys, get a big equity capital and leverage it heavy. Meriwether succeeded, and launched LTCM in 9Debt kill even the best ideas Øystein Sjølie The definitive volume about Long Term Capital Management (LTCM) is highly recommended. It is a popular, non-technical and, to certain degree, moralistic guide to the birth of the extremely leveraged hedge-fund, and an exciting drama of the rescue mission during the credit crisis in September 1998.LTCM was founded by John Meriwether. The driving ideas was to assemble several really smart guys, get a big equity capital and leverage it heavy. Meriwether succeeded, and launched LTCM in 94, with two Nobel laureates, $ 2,5 billion in equity and banks promising loans to leverage it 30 times.In the . , with two Nobel laureates, $ 2,5 billion in equity and banks promising loans to leverage it Debt kill even the best ideas The definitive volume about Long Term Capital Management (LTCM) is highly recommended. It is a popular, non-technical and, to certain degree, moralistic guide to the birth of the extremely leveraged hedge-fund, and an exciting drama of the rescue mission during the credit crisis in September 1998.LTCM was founded by John Meriwether. The driving ideas was to assemble several really smart guys, get a big equity capital and leverage it heavy. Meriwether succeeded, and launched LTCM in 9Debt kill even the best ideas Øystein Sjølie The definitive volume about Long Term Capital Management (LTCM) is highly recommended. It is a popular, non-technical and, to certain degree, moralistic guide to the birth of the extremely leveraged hedge-fund, and an exciting drama of the rescue mission during the credit crisis in September 1998.LTCM was founded by John Meriwether. The driving ideas was to assemble several really smart guys, get a big equity capital and leverage it heavy. Meriwether succeeded, and launched LTCM in 94, with two Nobel laureates, $ 2,5 billion in equity and banks promising loans to leverage it 30 times.In the . , with two Nobel laureates, $ 2,5 billion in equity and banks promising loans to leverage it 30 times.In the . 0 times.In the . ,5 billion in equity and banks promising loans to leverage it Debt kill even the best ideas The definitive volume about Long Term Capital Management (LTCM) is highly recommended. It is a popular, non-technical and, to certain degree, moralistic guide to the birth of the extremely leveraged hedge-fund, and an exciting drama of the rescue mission during the credit crisis in September 1998.LTCM was founded by John Meriwether. The driving ideas was to assemble several really smart guys, get a big equity capital and leverage it heavy. Meriwether succeeded, and launched LTCM in 9Debt kill even the best ideas Øystein Sjølie The definitive volume about Long Term Capital Management (LTCM) is highly recommended. It is a popular, non-technical and, to certain degree, moralistic guide to the birth of the extremely leveraged hedge-fund, and an exciting drama of the rescue mission during the credit crisis in September 1998.LTCM was founded by John Meriwether. The driving ideas was to assemble several really smart guys, get a big equity capital and leverage it heavy. Meriwether succeeded, and launched LTCM in 94, with two Nobel laureates, $ 2,5 billion in equity and banks promising loans to leverage it 30 times.In the . , with two Nobel laureates, $ 2,5 billion in equity and banks promising loans to leverage it 30 times.In the . 0 times.In the