Roger Lowenstein
Lifts / Escalators
Lifts / Escalators By Roger Lowenstein
by Roger Lowenstein
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When Genius Failed: The Rise and Fall of Long-Term Capital Management - Product Features
- ?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.
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