When Genius Failed by Roger Lowenstein
The Rise and Fall of Long-Term Capital Management
This gripping narrative delves into the dramatic rise and fall of Long-Term Capital Management, a hedge fund that once dazzled Wall Street with its innovative strategies and Nobel Prize-winning partners. The book meticulously chronicles the firm's meteoric success, driven by complex mathematical models and high-stakes investments, and its subsequent collapse, which sent shockwaves through the global financial system. Through a detailed exploration of the personalities and decisions that led to the fund's downfall, the story serves as a cautionary tale about the perils of overconfidence and the unpredictable nature of financial markets.
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- Published
- 2000
- Nationality
- American
- Length
- Medium
- Pages
- 264-300
- Original Language
- English
- Avg User Rating
-
(3.0)
- Alternate Titles
- None
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