Discussion: When Genius Failed: The Rise and Fall of Long-Term Capital Management

Author: Roger Lowenstein

Description: When Genius Failed by Roger Lowenstein is a gripping narrative of the rise and collapse of Long-Term Capital Management (LTCM), a hedge fund founded by Nobel laureates and renowned financial experts. The book details LTCM’s sophisticated financial strategies that initially promised huge profits, only to lead to catastrophic losses in 1998, nearly destabilizing the global financial system.

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