Description: When Genius FailedThe Rise and Fall of Long-Term Capital Management When it was founded in 1993, Long-Term was hailed as the most impressive hedge fund in history. But after four years in which the firm dazzled Wall Street as a $100 billion moneymaking juggernaut, it suddenly suffered catastrophic losses that jeopardized not only the biggest banks on Wall Street but the stability of the financial system itself. The dramatic story of Long-Term’s fall is now a chilling harbinger of the crisis that would strike all of Wall Street, from Lehman Brothers to AIG, a decade later. In his new Afterword, Lowenstein shows that LTCM’s implosion should be seen not as a one-off drama but as a template for market meltdowns in an age of instability—and as a wake-up call that Wall Street and government alike tragically ignored.
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Location: Orlando, Florida
End Time: 2024-10-06T17:50:38.000Z
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Item Specifics
Restocking Fee: No
Return shipping will be paid by: Seller
All returns accepted: Returns Accepted
Item must be returned within: 30 Days
Refund will be given as: Money Back
Publication Year: 2000
Format: Trade Paperback
Language: English
Book Title: When Genius Failed
Author: Roger Lowenstein
Publisher: Random House Publishing Group
Item Length: 8 in
Genre: Business & Economics
Topic: Banks & Banking, Finance / Financial Risk Management, Industries / Financial Services, Corporate Finance / General, Corporate & Business History, Investments & Securities / General
Item Weight: 7.4 Oz
Item Width: 5.2 in
Number of Pages: 264 Pages
