Thursday, 1 December 2016

When Genius Failed By Roger Lowenstein

When Genius Failed Free Download By Roger Lowenstein

Title:When Genius Failed
Author:Roger Lowenstein
Format:Paperback
Page:236 pages
ISBN:0375758259

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 Drawing on confidential internal memos and interviews with dozens of key 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 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 s partners, the arrogance of their mathematical certainties, and the culture of Wall Street itself contributed to both their rise and their fall.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 s 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 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


about Author

Roger Lowenstein has reported for the Wall Street Journal for than a decade and is a frequent contributor to The New York Times and The New Republic He is the author of Buffet the Making of an American Capitalist HarperCollins



thumbnailTitle: When Genius Failed
Posted by:Roger Lowenstein
Published :2016-02-24T19:49+01:00
With a new Afterword addressing today s financial crisisA BUSINESS WEEK BEST BOOK OF THE YEARIn this business classic now with a new Afterword
When Genius Failed
236 pagesRoger Lowenstein

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