Roger Lowenstein
What’s inside
This book details the spectacular rise and fall of Long-Term Capital Management (LTCM), a hedge fund that collapsed in 1998, nearly breaking the global financial system.
You’ll Learn
- Understanding the implications of high financial leverage
- Learning from the misjudgments of reputed economists
- Realizing the importance of regulatory oversight in finance
- Gaining insights into the workings of hedge funds and their risks
Key Points
- Founding of Long-Term Capital Management
- LTCM’s Initial Success and Investment Strategy
- The Role of Nobel Laureates in LTCM
- The Russian Financial Crisis and LTCM’s Downfall
- The Impact of High Leverage
- The Federal Reserve’s Involvement in the Bailout
- Lessons Learned from the LTCM Collapse
Who’s it For
- Financial Enthusiasts
- Economists
- Investors
- Business Students
- History Buffs
About the author
Roger Lowenstein is an American financial journalist and writer, known for his clear insights into complex financial subjects.