When Genius Failed Book Reviews
When Genius Failed by Roger Lowenstein Book Summary
“A riveting account that reaches beyond the market landscape to say something universal about risk and triumph, about hubris and failure.”—The New York Times
NAMED ONE OF THE BEST BOOKS OF THE YEAR BY BUSINESSWEEK
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.
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
Book Name | When Genius Failed |
Genre | Finance |
Author | Roger Lowenstein |
Published | 12 September 2000, Tuesday |
Language | English |
E-Book Size | 1.27 MB |
When Genius Failed (Roger Lowenstein) Book Reviews 2024
We transfer money over €4 billion every month. We enable individual and business accounts to save 4 million Euros on bank transfer fees. Want to send free money abroad or transfer money abroad for free? Free international money transfer!
When Genius Failed. Once in your hand you don't want to put it down till you finish reading it. It is totally worth your time to read it.
Enjoyed it!. Engaging writing style, which brought out much color in seemingly colorless personalities. A better story of hubris could not have been made up.
A financial Greek tragedy. The 2008 financial crisis isn’t a warning or a lesson, it’s a tragedy that could’ve been avoided if only one looked ten years back at the teachings of a much more contained tragedy. This is a story that is often ignored but serves as the father of black swan events that have happened since and will continue to occur in the future.
Leverage at its best. Must read as it reminds us how history can be prone to repeat itself. This should find itself on the bookshelf for generations to come as part of the history for current finance.
What a mess. The title isn’t to say the book is bad in any way; it is an incredible book to read. But by god, I never realized what a dumpster fire LTCM was. It’s genuinely amazing to read this book and know that a decade after LTCM’s end, the hubris and arrogance of Wall Street would ravage the US economy. Amazing read, 10/10, would recommend to anyone who wants a greater understanding of LTCM and its short but eventful history.
Greatness. Excellent read about greed in the stock market
A riveting, cautionary tale. This fascinating story, masterfully told, proved prophetic in light of the later financial crisis and government bailout of Wall Street in 2008. My only negative criticism of this text is the poor proofreading of the final chapters that contain a number of distracting typos.
A must read. A brilliant book on financial models run amuck. All models have assumptions, and assumptions are set by humans. And leverage can be your best friend and your worst enemy.
Did you know that you can earn 25 USD from our site just by registering? Get $25 for free by joining Payoneer!
Imagine you at your best. All the time. Picture yourself at your sharpest and most productive. Your most alert and focused. Your most lucid, creative and confident. At work. At play. In every area of your life. Add Mind Lab Pro® v4.0 to your daily routine and uncap your true potential. Buy Now!
Adsterra is the most preferred ad network for those looking for an alternative to AdSense. Adsterra is the ideal choice for new sites with low daily traffic. In order to advertise on the site in Adsterra, like other ad networks, a certain traffic limit, domain age, etc. is required. There are no strict rules. Sign up!
Download Link | Book Format |
when-genius-failed-ebook.pdf | |
when-genius-failed-ebook.epub | EPUB |
when-genius-failed-ebook.kindle | KINDLE |
When Genius Failed E-book (PDF, PUB, KINDLE) Download
When Genius Failed ebook when-genius-failed (1.27 MB) download new links will be update!
When Genius Failed Similar Books
Book Name | Score | Reviews | Price |
Thinking, Fast and Slow | 3.5/5 | 2,051 | $12.99 |
35 Tips on Saving Money | 4/5 | 7,156 | Free |
Freakonomics Rev Ed | 4/5 | 918 | $13.99 |
A Taste of Irrationality | 4/5 | 352 | Free |
Blink | 4/5 | 917 | $11.99 |
Enhance sleep, vision, cognition, flexibility, energy, long-range health and more. Performance Lab CORE Formulas support all aspects of human performance, across all walks of life. Boosts work performance and productivity with nootropics for focus, multitasking under stress, creative problem-solving and more.
Book Name | Score | Reviews | Price |
FED - Die Bank Amerikas | 0/5 | 0 | $31.99 |
While America Aged | 5/5 | 8 | $4.99 |
Buffett | 0/5 | 0 | $26.99 |
Ways and Means | 4.5/5 | 13 | $15.99 |
The End of Wall Street | 3.5/5 | 143 | $13.99 |
Summary of When Genius Failed by Roger Lowenstein
The When Genius Failed book written by Roger Lowenstein was published on 12 September 2000, Tuesday in the Finance category. A total of 180 readers of the book gave the book 4.5 points out of 5.
Book Name | Author | Price |
Insights Into the Global Financial Crisis | Laurence B. Siegel | Free |
40 Affirmations For Traders | Yvan Byeajee | Free |
Collections of China politics and Economics | Zeng Lei | Free |
The Book Of Quotes | Nizar Abdulrahman Alshubaily | Free |
50 Ways To Find Funding For Your Business | Emma Jones | Free |
Coinbase is the world's most trusted place to buy and sell cryptocurrency. Open an account today, and if you buy or sell $100 or more of crypto, you'll receive $10 worth of free Bitcoin!
Book Name | Author | Price |
Investment Banking | Joshua Rosenbaum & Joshua Pearl | $77.99 |
Real Estate in Italy | Guido Abate & Giuditta Losa | $24.99 |
Finance Your Own Business | Garrett Sutton & Gerri Detweiler | $17.99 |
Trading Options Greeks | Dan Passarelli & William J. Brodsky | $54.99 |
Point and Figure Charting | Thomas J. Dorsey | $44.99 |
Jasper is the generative AI platform for business that helps your team create content tailored for your brand 10X faster, wherever you work online.
Please wait! When Genius Failed book comments loading...
Roger Lowenstein - When Genius Failed Discussions & Comments
Have you read this book yet? What do you think about When Genius Failed by Roger Lowenstein book? Ask the bookpedia.co community a question about When Genius Failed!