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Wall Street geniuses thought they could outsmart the market, they couldn’t.
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When Genius Failed

The Rise and Fall of Long Term Capital Management

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$21.24

  • Paperback

    288 pages

  • Release Date

    27 February 2002

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Summary

Picking up where Liar’s Poker left off (literally, in the bond dealer’s desks of Salomon Brothers) the story of Long-Term Capital Management is of a group of elite investors who believed they could beat the market and, like alchemists, create limitless wealth for themselves and their partners.

Founded by John Meriweather, a notoriously confident bond dealer, along with two Nobel prize winners and a floor of Wall Street’s brightest and best, Long-Term Captial Management was from the be…

Book Details

ISBN-13:9781841155043
ISBN-10:1841155047
Author:Roger Lowenstein
Publisher:HarperCollins Publishers
Imprint:Fourth Estate Ltd
Format:Paperback
Number of Pages:288
Release Date:27 February 2002
Weight:190g
Dimensions:18mm x 129mm x 198mm
A-Format
B-Format
When Genius Failed by Roger Lowenstein - ISBN: 9781841155043
129 × 198 mm
C-Format
A4
mm / in
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Critics Review

‘A must-read thriller for anyone who works, or invests in markets. It is a story of how arrogance can drive greed and fear to extremes.’ Scotsman ‘Richly textured and lucidA riveting account that reaches beyond the market landscape to say something universal about risk and triumph, about hubris and failure.’ New York Times ‘Lowenstein has written a squalid and fascinating tale of world-class greed and, above all, hubris.’ Business Week ‘This book is story-telling journalism at its best’ The Economist

About The Author

Roger Lowenstein

Roger Lowenstein reported for the Wall Street Journal for over a decade and also wrote columns for the paper, Heard on the Street and Intrinsic Value. His first book, Buffett: The Making of an American Capitalist (1996), was a bestseller, and he has gone on to publish When Genius Failed: The Rise and Fall of Long Term Capital Management (2002) and Origins of the Crash: The Great Bubble and Its Undoing (2004), as well as co-authoring numerous titles. Besides the Journal, Mr Lowenstein’s work has appeared in the New York Times and the New Republic. He also writes a column for SmartMoney Magazine’. He lives in Westfield, New Jersey and has three children.

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