Business Books

When Genius Failed, The Rise and Fall of Long Term Capital Management

Author: Roger Lowenstein

The book discusses the history of Long-Term Capital Management, a group of elite investors who believed they could outperform the market and generate unlimited wealth. The founder of Long-Term Capital...

The book discusses the history of Long-Term Capital Management, a group of elite investors who believed they could outperform the market and generate unlimited wealth. The founder of Long-Term Capital Management was John Meriwether, in collaboration with two Nobel Prize winners and other prominent stock market professionals. This hedge fund quickly became a...

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Description

Description

The book discusses the history of Long-Term Capital Management, a group of elite investors who believed they could outperform the market and generate unlimited wealth. The founder of Long-Term Capital Management was John Meriwether, in collaboration with two Nobel Prize winners and other prominent stock market professionals. This hedge fund quickly became a favorite among banks and managed to deliver impressive returns from the start of its operations.

However, Meriwether's strategy changed as competitors began to mimic his model. In an attempt to maintain the fund's performance, he used overlapping financing with loans on a scale that was not fully understood. When the markets in Indonesia, South America, and Russia collapsed in 1998, LCTM's investments also collapsed, resulting in the accumulation of debts.

This story, filled with ambitious and dramatic characters, is revealed in an exceptional style by Roger Lowenstein.

Pages: 288, Year of Publication: 0102, Dimensions: 12.9x12.9cm

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Specifications

Specifications

Specifications

Author
Roger Lowenstein
Publisher
HarperCollins Publishers
Language
English
Subtitle
The Rise and Fall of Long Term Capital Management
Cover
Soft
Number of Pages
288
Publication Date
2002
Dimensions
12.9x19.8 cm
ISBN-13
9781841155043

Book Type

Diversity, Equity & Inclusion (DEI)
No

Important information

Specifications are collected from official manufacturer websites. Please verify the specifications before proceeding with your final purchase. If you notice any problem you can report it here.

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Description & Specifications

The book discusses the history of Long-Term Capital Management, a group of elite investors who believed they could outperform the market and generate unlimited wealth. The founder of Long-Term Capital Management was John Meriwether, in collaboration with two Nobel Prize winners and other prominent stock market professionals. This hedge fund quickly became a favorite among banks and managed to deliver impressive returns from the start of its operations.

However, Meriwether's strategy changed as competitors began to mimic his model. In an attempt to maintain the fund's performance, he used overlapping financing with loans on a scale that was not fully understood. When the markets in Indonesia, South America, and Russia collapsed in 1998, LCTM's investments also collapsed, resulting in the accumulation of debts.

This story, filled with ambitious and dramatic characters, is revealed in an exceptional style by Roger Lowenstein.

Pages: 288, Year of Publication: 0102, Dimensions: 12.9x12.9cm

Manufacturer

Specifications

Author
Roger Lowenstein
Publisher
HarperCollins Publishers
Language
English
Subtitle
The Rise and Fall of Long Term Capital Management
Cover
Soft
Number of Pages
288
Publication Date
2002
Dimensions
12.9x19.8 cm
ISBN-13
9781841155043

Book Type

Diversity, Equity & Inclusion (DEI)
No

Important information

Specifications are collected from official manufacturer websites. Please verify the specifications before proceeding with your final purchase. If you notice any problem you can report it here.

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