When Genius Failed. Book Summary

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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.