When Genius Failed: The Rise and Fall of Long-Term Capital Management
Description
Roger Lowenstein masterfully chronicles the meteoric rise and catastrophic fall of Long-Term Capital Management, a hedge fund once hailed as the most impressive in history. Through exclusive interviews and internal documents, the narrative unveils how brilliant minds, mathematical certainty, and Wall Street's inherent culture fueled both unprecedented success and devastating losses. This gripping account explores the personalities and hubris behind the $100 billion juggernaut, revealing how its implosion threatened global financial stability. Lowenstein's insightful analysis, updated to reflect modern crises, serves as a chilling reminder of market vulnerabilities and the lessons tragically ignored.
Available Editions
paperback
Fourth Estate
Published Jan 1, 2001
264 pages
ISBN: 9780375506444
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Details
First Published
2000
Language
eng
Featured in a Challenge
Content Warnings
Content and trigger warnings for When Genius Failed: The Rise and Fall of Long-Term Capital Management by Roger Lowenstein.