Roger Lowenstein's definitive account of LTCM — how the smartest hedge fund ever assembled went from $4.7B to ruin in 4 months and nearly took down the global banking system.
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by Roger Lowenstein — Roger Lowenstein's definitive account of LTCM — how the smartest hedge fund ever assembled went from $4.7B to ruin in 4 months and nearly took down the global banking system.
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When Genius Failed: The Rise and Fall of Long-Term Capital Management was written by Roger Lowenstein.
When Genius Failed: The Rise and Fall of Long-Term Capital Management was published in 2000.
When Genius Failed: The Rise and Fall of Long-Term Capital Management covers long-term capital management, convergence arbitrage, john meriwether, nobel prize risk models, black-scholes-merton, leverage risk, fat tails, correlation breakdown, liquidity risk, russian default 1998, fed-orchestrated bailout, model risk, hubris in markets, salomon arbitrage group, and systemic risk.
When Genius Failed: The Rise and Fall of Long-Term Capital Management costs $18.