![]() Lowenstein draws on confidential internal memos and interviews with dozens of key players. ![]() ![]() Lowenstein explains not only how the fund made and lost its money but also how the personalities of Long-partners, Term's arrogance of their mathematical certainty, and the culture of Wall Street itself contributed to both their rise and fall. Roger Lowenstein depicts the thrilling roller-coaster journey of Long-Term Capital Management in this business classic, which now includes a new Afterword in which the author draws comparisons to the current financial crisis. Genre - Finance, Business, Non-fiction, Hedge-fund ![]() The book presents an unofficial history of Long-Term Capital Management's founding, early prosperity, rapid downfall, and hasty bailout (LTCM). Roger Lowenstein's book When Genius Failed: The Rise and Fall of Long-Term Capital Management were released by Random House on October 9, 2000. ![]()
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