When Genius Failed: The Rise and Fall of Long-Term Capital Management by Roger Lowenstein is now available for free ePub download or online reading.<\/p>\n
Intro:<\/strong><\/p>\n \u201cA riveting account that reaches beyond the market landscape to say something universal about risk and triumph, about hubris and failure.\u201d\u2014 The New York Times<\/p>\n NAMED ONE OF THE BEST BOOKS OF THE YEAR BY BUSINESSWEEK<\/p>\n In this business classic\u2014now with a new Afterword in which the author draws parallels to the recent financial crisis\u2014Roger 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\u2019s partners, the arrogance of their mathematical certainties, and the culture of Wall Street itself contributed to both their rise and their fall.<\/p>\n 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\u2019s 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\u2019s implosion should be seen not as a one-off drama but as a template for market meltdowns in an age of instability\u2014and as a wake-up call that Wall Street and government alike tragically ignored.<\/p>\n Praise for When Genius Failed<\/p>\n \u201c[Roger] Lowenstein has written a squalid and fascinating tale of world-class greed and, above all, hubris.\u201d \u2014BusinessWeek<\/p>\n \u201cCompelling . . . The fund was long cloaked in secrecy, making the story of its rise . . . and its ultimate destruction that much more fascinating.\u201d \u2014 The Washington Post<\/p>\n \u201cStory-telling journalism at its best.\u201d \u2014 The Economist. First published January 1, 2000. Original format: Paperback. Pages: 264. #when-genius-failed-ebook #when-genius-failed-epub #read #download<\/p>\n User Rating: 4.2 (based on 28243 ratings)<\/p>\n Download EPUB When Genius Failed: The Rise and Fall of Long-Term Capital Management by Roger Lowenstein<\/strong><\/p>\n \ud83d\udcc1 File details: when-genius-failed.epub<\/em><\/p>\n