Essays on When Genius Failed

The book When genius failed: the rise and fall of long-term capital management created by Roger Lowenstein, popular financial journalist, helps reader to understand the general reasons of economic crisis. It is important to mention that the author had gained great experience in the sphere of fund market analysis before he wrote the book to be discussed. He worked for "Wall Street Journal" and wrote article for well-known magazines and newspapers initiating reports on finance. The analysis of LTCM was conducted by the author. This company had a great impact within the financial market that is why Lowenstein accepted ...

The book titled “When Genius Failed: The Rise and Fall of Long-Term Capital Management”, written by one of the famous financial journalists, Roger Lowenstein gives an account of how the 1998 collapse of Long-Term Capital Management (LTCM), a hedge fund panicked the financial markets . The author explains in his book about how banks relied on various brand names that have been established LTCM through its partners and how lenders were ignorant to the assets and strategies of LTCM. He illustrates several examples that suggest the models, strategies and trades used by LTCM, thereby offering valid reasons as to how ...

The book chosen for review is considered to be one of the most important for understanding the complicated system of derivatives and general reasons of economic crisis. When genius failed: the rise and fall of long-term capital management is the book written by financial journalist Roger Lowenstein who has written articles for the "Wall Street Journal" for more than two years. He has published three books and also initiated various publications for "Smart Money" and "The New York Times". The work When genius failed: the rise and fall of long-term capital management provides readers with fundamental basis for deep ...