✳flâneur — a map of the web's best reading

When Genius Failed

en.wikipedia.org · 1,268 words · saved by 1 readers

When Genius Failed: The Rise and Fall of Long-Term Capital Management is a book by Roger Lowenstein published by Random House on October 9, 2000. The book tells an unauthorized account of the creation, early success, abrupt collapse, and rushed bailout of Long-Term Capital Management (LTCM). LTCM was a tightly-held American hedge fund founded in 1993 which commanded more than $100 billion in assets at its height, then collapsed abruptly in August and September 1998. Prompted by concerns about LTCM's thousands of derivative contracts, in order to avoid a panic by banks and investors worldwide, the Federal Reserve Bank of New York stepped in to organize a bailout with the various major banks at risk.

When Genius Failed - Wikipedia Jump to content From Wikipedia, the free encyclopedia Book by Roger Lowenstein <small>The Rise and Fall of Long-Term Capital Management</small>"},"title_orig":{"wt":""},"translator":{"wt":""},"image":{"wt":"WhenGeniusFailed-bookcover.jpg"},"caption":{"wt":"Front cover"},"author":{"wt":"[[Roger Lowenstein]]"},"illustrator":{"wt":""},"cover_artist":{"wt":""},"country":{"wt":"United States"},"language":{"wt":"English"},"series":{"wt":""},"subject":{"wt":"[[Finance]]"},"genre":{"wt":"[[Nonfiction]]"},"publisher":{"wt":"[[Random House]]"},"pub_date":{"wt":"October 9,

Explore this link on the map →

related reading