When Genius Failed

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LibraryThing Review

User Review - EricCostello - LibraryThing

Book on the collapse of the arbitrage firm Long Term Capital Management in 1998; one that's pretty scathing on the protagonists all over the board, more or less condemning LTCM as a batch of arrogant ... Read full review

LibraryThing Review

User Review - kukulaj - LibraryThing

The main story here runs 1993 to 1998, from the start of LTCM to its collapse. There are lots of bits and pieces to the story. There is the arrogant confidence of the partners. There's how they ... Read full review

LibraryThing Review

User Review - EricCostello - LibraryThing

This book examines the history of Long Term Capital Management, a firm that failed during the 1998 financial crisis, and explains how the firm was built and constructed, and why it collapsed. Pretty ... Read full review

LibraryThing Review

User Review - willszal - LibraryThing

This book is about the four-year journey of one of the most infamous hedge funds in history. It outlines it's four-year lifecycle, from 1994 to 1998, starting with an monumental raise of $1.5 billion ... Read full review

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User Review - hhornblower - LibraryThing

A fairly well written account of yet another collection of typically greedy Wall Street bankers. A good book to read if you want to learn the definition of hubris (and the OED entry is to short for ... Read full review

LibraryThing Review

User Review - ehines - LibraryThing

The sin of arbitrage isn't that it is impossible. It *is* possible to exploit market inefficiencies and make a profit. But those profits are usually very, very small. Which means that it requires an ... Read full review

LibraryThing Review

User Review - rivkat - LibraryThing

While a better title might be “When Hubris Failed,” Lowenstein still tells an engaging and comprehensible story of fools who thought they were too smart to go broke, and turned out to be too big to ... Read full review

LibraryThing Review

User Review - Carmenere - LibraryThing

This book is aptly named as it delivers just what the title implies. Young John Meriwether began his career as a high school math teacher. After only one year of teaching he enrolled in the University ... Read full review

LibraryThing Review

User Review - browner56 - LibraryThing

This book traces the rise, fall, and rescue of Long-Term Capital Management, perhaps the most celebrated (and infamous) hedge fund in history. It is a remarkable account of how a lot of really smart ... Read full review

Review: When Genius Failed: The Rise And Fall Of Long Term Capital Management

User Review - Heather - Goodreads

A frustrating read. While the financial reportage is first-rate, the narrative is as dry as the hedge fund's mathematical formulae. The personal, human sides of the story - the aspects that had me up ... Read full review