Beschreibung When Genius Failed: The Rise and Fall of Long-Term Capital Management. “A riveting account that reaches beyond the market landscape to say something universal about risk and triumph, about hubris and failure.”—The New York TimesNAMED ONE OF THE BEST BOOKS OF THE YEAR BY BUSINESSWEEKIn 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.Praise for When Genius Failed“[Roger] Lowenstein has written a squalid and fascinating tale of world-class greed and, above all, hubris.”—BusinessWeek“Compelling . . . The fund was long cloaked in secrecy, making the story of its rise . . . and its ultimate destruction that much more fascinating.”—The Washington Post “Story-telling journalism at its best.”—The Economist
When Genius Failed: The Rise and Fall of Long-Term Capital ~ When Genius Failed: The Rise and Fall of Long-Term Capital Management / Lowenstein, Roger / ISBN: 9780375758256 / Kostenloser Versand für alle Bücher mit Versand und Verkauf duch .
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When Genius Failed: The Rise and Fall of Long-Term Capital ~ Free download or read online When Genius Failed: The Rise and Fall of Long-Term Capital Management pdf (ePUB) book. The first edition of the novel was published in January 1st 2000, and was written by Roger Lowenstein. The book was published in multiple languages including English, consists of 236 pages and is available in Paperback format.
When Genius Failed: The Rise and Fall of Long Term Capital ~ Buy When Genius Failed: The Rise and Fall of Long Term Capital Management New Ed by Lowenstein, Roger (ISBN: 9781841155043) from 's Book Store. Everyday low prices and free delivery on eligible orders.
When Genius Failed: The Rise and Fall of Long-Term Capital ~ These academics turned financiers, under the leadership of Meriwether went on to create Long Term Capital Management, a small investment bank that almost left a half-trillion dollar hole in the US economy in 1998 and almost brought financial armageddon, in the days when 1-30 exposure rates were unheard off. His outline of the happening of the rise, and fall, of LTCM and the Fed bailout, proves .
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When Genius Failed - Wikipedia ~ When Genius Failed: The Rise and Fall of Long-Term Capital Management is a book by Roger Lowenstein published by Random House on October 9, 2000. The book puts on an unauthorized account of the creation, early success, abrupt collapse, and rushed bailout of Long-Term Capital Management (LTCM). LTCM was a tightly-held American hedge fund founded in 1993 which commanded more than $100 billion in .
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When Genius Failed: The Rise and Fall of Long-Term Capital ~ When Genius Failed: The Rise and Fall of Long-Term Capital Management: Lowenstein, Roger: 9780375758256: Books - .ca . Get your Kindle here, or download a FREE Kindle Reading App. Product details. Item Weight : 209 g; Paperback : 304 pages; ISBN-10 : 9780375758256; ISBN-13 : 978-0375758256; Product Dimensions : 13.13 x 1.65 x 20.32 cm; Publisher : Random House Trade Paperbacks (Oct. 9 .
Long-Term Capital Management – Wikipedia ~ Long-Term Capital Management (LTCM) war ein 1994 von John Meriwether (früherer Vize-Chef und Leiter des RentenÂhandels bei Salomon Brothers) gegründeter Hedgefonds.Unter den Direktoren waren auch Myron S. Scholes und Robert Carhart Merton, denen 1997 der Alfred-Nobel-Gedächtnispreis für Wirtschaftswissenschaften verliehen wurde. Die Schieflage des Fonds 1998 bedrohte das internationale .
When genius failed : the rise and fall of Long-Term ~ When genius failed : the rise and fall of Long-Term Capital Management. Responsibility Roger Lowenstein. Edition 1st ed. Imprint New York : Random House, c2000. Physical description xxi, 264 p. : ill. ; 25 cm. Available online At the library. Green Library. Find it Bender Room. Items in Bender Room; Call number Status; HG4930 .L69 2000 In-library use More options Find it at other libraries via .
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When Genius Failed Roger Lowenstein PDF The Rise and Fall ~ Read When Genius Failed PDF - The Rise and Fall of Long-Term Capital Management by Roger Lowenstein SoccerPoet LLC / With a new Afterword addressing today’s financial crisisA BUSINESS WEEK BEST .
When Genius Failed: The Rise and Fall of Long-Term Capital ~ My version of the story, based on Roger Lowenstein's When Genius Failed: The Rise and Fall of Long-Term Capital Management, would read as follows: Sorcerers (Mathematically oriented bond traders led by John Meriwether) make the humans they serve rich (the investment banking firm Salomon Brothers). After this accomplishment, they find themselves fired and underappreciated (following a scandal .