When Genius Failed
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By:"Roger Lowenstein"
"Business & Economics"
Published on 2000 by Random House Trade Paperbacks
When Genius Failed is the cautionary financial tale of our time, the gripping saga ofwhat happened when an elite group of investors believed they could actually deconstruct risk and use virtually limitless leverage to create limitless ...
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A distinguished financial journalist chronicles the dramatic rise and fall of Long Term Capital Management, a hundred-billion-dollar hedge fund that had to be rescued from collapse by the controversial Federal Reserve buyout, and the implications of the high-stakes financial manipulatons. Reprint. 100,000 first printing.
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