When Genius Failed - by Roger Lowenstein (Paperback)
Similar Products
Products of same category from the store
All
Product info
<p/><br></br><p><b> About the Book </b></p></br></br>In "When Genius Failed, " bestselling author Lowenstein captures the entire roller-coaster ride of long-term capital management in gripping detail. Drawing on confidential internal memos and interviews with dozens of key players, Lowenstein crafts a story that reads like a first-rate thriller from beginning to end.<p/><br></br><p><b> Book Synopsis </b></p></br></br><b>"A riveting account that reaches beyond the market landscape to say something universal about risk and triumph, about hubris and failure."--</b><i><b>The New York Times</b> <p/></i><b>NAMED ONE OF THE BEST BOOKS OF THE YEAR BY BUSINESSWEEK</b> <p/>In 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. <p/>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. <p/><b>Praise for <i>When Genius Failed</i></b> <p/>"[Roger] Lowenstein has written a squalid and fascinating tale of world-class greed and, above all, hubris."<b>--BusinessWeek</b> <p/>"Compelling . . . The fund was long cloaked in secrecy, making the story of its rise . . . and its ultimate destruction that much more fascinating."<b>--<i>The Washington Post </i></b> <p/>"Story-telling journalism at its best."<b>--<i>The Economist</i></b><p/><br></br><p><b> Review Quotes </b></p></br></br><br>"A riveting account that reaches beyond the market landscape to say something universal about risk and triumph, about hubris and failure."--<i>The New York Times</i> <p/>"[Roger] Lowenstein has written a squalid and fascinating tale of world-class greed and, above all, hubris."--<i>Business Week</i> <p/>"Compelling . . . The fund was long cloaked in secrecy, making the story of its rise . . . and its ultimate destruction that much more fascinating."--<i>The Washington Post</i> <p/> "Story-telling journalism at its best."--<i>The Economist</i><br><p/><br></br><p><b> About the Author </b></p></br></br>Roger Lowenstein, author of the bestselling <b>Buffett: The Making of an American Capitalist</b>, reported for <i>The Wall Street Journal</i> for more than a decade, and wrote the <i>Journal</i>'s stock market column "Heard on the Street" from 1989 to 1991 and the "Intrinsic Value" column from 1995 to 1997. He now writes a column in <i>Smart Money </i>magazine, and has written for <i>The New York Times</i> and <i>The New Republic</i>, among other publications. He has three children and lives in Westfield, New Jersey.
Price History
Cheapest price in the interval: 14.19 on October 22, 2021
Most expensive price in the interval: 14.19 on November 8, 2021
Price Archive shows prices from various stores, lets you see history and find the cheapest. There is no actual sale on the website. For all support, inquiry and suggestion messagescommunication@pricearchive.us