When Genius Failed: The Rise and Fall of Long-Term Capital Management (Abridged) Audiolibro

AUTOR
Roger Lowenstein
CALIFICAR
0
CALIFICACIONES
70

When Genius Failed: The Rise and Fall of Long-Term Capital Management (Abridged) de Roger Lowenstein Resumen del Audiolibro

John Meriwether, a famously successful Wall Street trader, spent the 1980s as a partner at Salomon Brothers, establishing the best--and the brainiest--bond arbitrage group in the world. A mysterious and shy midwesterner, he knitted together a group of Ph.D.-certified arbitrageurs who rewarded him with filial devotion and fabulous profits. Then, in 1991, in the wake of a scandal involving one of his traders, Meriwether abruptly resigned. For two years, his fiercely loyal team--convinced that the chief had been unfairly victimized--plotted their boss's return. Then, in 1993, Meriwether made a historic offer. He gathered together his former disciples and a handful of supereconomists from academia and proposed that they become partners in a new hedge fund different from any Wall Street had ever seen. And so Long-Term Capital Management was born.
        In a decade that had seen the longest and most rewarding bull market in history, hedge funds were the ne plus ultra of investments: discreet, private clubs limited to those rich enough to pony up millions. They promised that the investors' money would be placed in a variety of trades simultaneously--a "hedging" strategy designed to minimize the possibility of loss. At Long-Term, Meriwether & Co. truly believed that their finely tuned computer models had tamed the genie of risk, and would allow them to bet on the future with near mathematical certainty. And thanks to their cast--which included a pair of future Nobel Prize winners--investors believed them.
        From the moment Long-Term opened their offices in posh Greenwich, Connecticut, miles from the pandemonium of Wall Street, it was clear that this would be a hedge fund apart from all others. Though they viewed the big Wall Street investment banks with disdain, so great was Long-Term's aura that these very banks lined up to provide the firm with financing, and on the very sweetest of terms. So self-certain were Long-Term's traders that they borrowed with little concern about the leverage. At first, Long-Term's models stayed on script, and this new gold standard in hedge funds boasted such incredible returns that private investors and even central banks clamored to invest more money. It seemed the geniuses in Greenwich couldn't lose.
        Four years later, when a default in Russia set off a global storm that Long-Term's models hadn't anticipated, its supposedly safe portfolios imploded. In five weeks, the professors went from mega-rich geniuses to discredited failures. With the firm about to go under, its staggering $100 billion balance sheet threatened to drag down markets around the world. At the eleventh hour, fearing that the financial system of the world was in peril, the Federal Reserve Bank hastily summoned Wall Street's leading banks to underwrite a bailout.
        Roger Lowenstein, the bestselling author of Buffett, captures Long-Term's roller-coaster ride 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. He explains not just how the fund made and lost its money, but what it was about the personalities of Long-Term's partners, the arrogance of their mathematical certainties, and the late-nineties culture of Wall Street that made it all possible.
        When Genius Failed is the cautionary financial tale of our time, the gripping saga of what happened when an elite group of investors believed they could actually deconstruct risk and use virtually limitless leverage to create limitless wealth. In Roger Lowenstein's hands, it is a brilliant tale peppered with fast money, vivid characters, and high drama.

👋 ¿Te encanta el libro when genius failed: the rise and fall of long-term capital management (abridged)? ¿Podría compartir por favor?!

share facebook whatsapp twitter pinterest telegram email
Nombre MP3 When Genius Failed: The Rise and Fall of Long-Term Capital Management (Abridged)
Género Economía y empresa
Publicado
Idioma Español
Tamaño MP3 350 KB

Descargar archivos de audio MP3 When Genius Failed: The Rise and Fall of Long-Term Capital Management (Abridged)

When Genius Failed: The Rise and Fall of Long-Term Capital Management (Abridged) by Roger Lowenstein 1417526535-when-genius-failed-the-rise-and-fall-of.mp3 Listen & MP3 Download.

Reseñas de audiolibros de When Genius Failed: The Rise and Fall of Long-Term Capital Management (Abridged) (Roger Lowenstein) 2024

💸 ¿Quieres enviar dinero al extranjero gratis?

¡Disfrute de transferencias máximas altas en más de 20 monedas mientras ahorra hasta un 90% en los bancos locales! La forma rápida y barata de enviar dinero al extranjero. ¡Transferencia gratuita hasta 500 Euro!

💰 Un universo de oportunidades: Payoneer

¿Sabías que puedes ganar 25 USD en nuestro sitio con solo registrarte? ¡Obtenga $25 gratis uniéndose a Payoneer!

🧠 ¡Unete al movimiento! Experimente el suplemento cerebral número 1 del mundo

Imagínate en tu mejor momento. Todo el tiempo. Imagínese a sí mismo en su forma más nítida y productiva. Su más alerta y centrado. Su más lúcido, creativo y seguro. En el trabajo. Jugando. En cada área de tu vida. Agregue Mind Lab Pro® v4.0 a su rutina diaria y descubra su verdadero potencial. Comprar ahora

¡Por favor espera! When Genius Failed: The Rise and Fall of Long-Term Capital Management (Abridged) cargando comentarios del audiolibro...

Roger Lowenstein - When Genius Failed: The Rise and Fall of Long-Term Capital Management (Abridged) Discusiones y comentarios

¿Ya escuchaste este audiolibro? ¿Qué opinas del audiolibro When Genius Failed: The Rise and Fall of Long-Term Capital Management (Abridged) de Roger Lowenstein? ¡Pregunta a la comunidad de bookpedia.co sobre When Genius Failed: The Rise and Fall of Long-Term Capital Management (Abridged)!

When Genius Failed: The Rise and Fall of Long-Term Capital Management (Abridged) Similar Audio Libros

Nombre MP3 Género Precio

Mejore el sueño, la visión, la cognición, la flexibilidad, la energía, la salud a largo plazo y más. Las fórmulas CORE de Performance Lab respaldan todos los aspectos del rendimiento humano, en todos los ámbitos de la vida. Aumenta el rendimiento laboral y la productividad con nootrópicos para concentrarse, realizar múltiples tareas bajo estrés, resolución creativa de problemas y más.

Otros Audiolibros de Roger Lowenstein
Nombre MP3 Género Precio

Jasper es la plataforma de inteligencia artificial generativa para empresas que ayuda a su equipo a crear contenido personalizado para su marca 10 veces más rápido, dondequiera que trabaje en línea.

Los mejores audiolibros de todos los tiempos
Nombre del audiolibro Autor Precio
El enigma Balenciaga MP3 María Fernández-Miranda 14,99 €
Sàpiens MP3 Yuval Noah Harari 16,99 €
El Hombre Mas Rico De Babilonia [The Richest Man in Babylon] MP3 George S. Clason 0,99 €
Me quiero, te quiero MP3 María Esclapez 14,99 €
Descubre el arte de hablar en público MP3 Fernando Miralles 16,99 €
El viento conoce mi nombre MP3 Isabel Allende 18,99 €
KAIZEN: Aprende la metodología para lograr metas y objetivos de forma gradual y ... MP3 Stefano Fit 3,99 €
Pide y se te dará (Narración en Castellano) [Ask and It Will Be Given to You (Na... MP3 Esther Hicks & Jerry Hicks 5,99 €
Crime e Castigo MP3 Fiodor Dostoievski 4,99 €
Cómo hacer que te pasen cosas buenas MP3 Marian Rojas Estapé 18,99 €

Coinbase es el lugar más fiable del mundo para comprar y vender criptodivisas. Abre una cuenta hoy mismo y, si compras o vendes 100 $ o más en criptodivisas, ¡recibirás 10 $ de Bitcoin gratis!