WHEN GENIUS FAILED THE RISE AND FALL OF LONG TERM CAPITAL MANAGEMENT

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When Genius Failed The Rise And Fall Of Long Term Capital Management

Author : Roger Lowenstein
ISBN : 9780007375790
Genre : Business & Economics
File Size : 87.11 MB
Format : PDF, Kindle
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Charts are best viewed on a tablet. Picking up where Liar’s Poker left off (literally, in the bond dealer’s desks of Salomon Brothers) the story of Long-Term Capital Management is of a group of elite investors who believed they could beat the market and, like alchemists, create limitless wealth for themselves and their partners.
Category: Business & Economics

When Genius Failed

Author : Roger Lowenstein
ISBN : 9780375506444
Genre : Business & Economics
File Size : 82.68 MB
Format : PDF, Kindle
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Read : 1300

With a new Afterword addressing today’s financial crisis A BUSINESS WEEK BEST BOOK OF THE YEAR In this business classic—now with a new Afterword in which the author draws parallels to the recent financial crisis—Roger Lowenstein captures the gripping roller-coaster ride of Long-Term Capital Management. Drawing on confidential internal memos and interviews with dozens of key players, Lowenstein explains not just how the fund made and lost its money but also how the personalities of Long-Term’s partners, the arrogance of their mathematical certainties, and the culture of Wall Street itself contributed to both their rise and their fall. 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.
Category: Business & Economics

When Genius Failed

Author : Roger Lowenstein
ISBN : 9780375758256
Genre : Business & Economics
File Size : 87.34 MB
Format : PDF, ePub
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A distinguished financial journalist chronicles the dramatic rise and fall of Long Term Capital Management, a hundred-billion-dollar hedge fund that had to be rescued from collapse by the controversial Federal Reserve buyout, and the implications of the high-stakes financial manipulatons. Reprint. 100,000 first printing.
Category: Business & Economics

Inventing Money

Author : Nicholas Dunbar
ISBN : UCSC:32106012606601
Genre : Business & Economics
File Size : 44.22 MB
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Documents the history of Long-Term Capital Management, a secretive hedge fund which collapsed in 1998.
Category: Business & Economics

More Money Than God

Author : Sebastian Mallaby
ISBN : 9781408809754
Genre : Business & Economics
File Size : 45.54 MB
Format : PDF, ePub, Mobi
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The first book of its kind: a fascinating and entertaining examination of hedge funds today Shortlisted for the Financial Times/Goldman Sachs Business Book of the Year Award The New York Times bestseller
Category: Business & Economics

The Great American Tax Dodge

Author : Donald L. Barlett
ISBN : 0520236106
Genre : Business & Economics
File Size : 83.72 MB
Format : PDF, ePub, Docs
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"Barlett and Steele...are masters at mining obscure documents to see the big picture where most investigators never even knew there was a frame...Year after year, Congress continues to make tax laws more complex and more unfair, then refuses to give the IRS adequate resources to ferret out fraud. If the tax code isn't reformed soon, the authors warn, the consequences might be dire."—Baltimore Sun "A hard-hitting expose of perceived gross inequities in the U.S. tax system."—Publishers Weekly
Category: Business & Economics

Den Of Thieves

Author : James B. Stewart
ISBN : 9781439126202
Genre : Business & Economics
File Size : 26.75 MB
Format : PDF, ePub
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A #1 bestseller from coast to coast, Den of Thieves tells the full story of the insider-trading scandal that nearly destroyed Wall Street, the men who pulled it off, and the chase that finally brought them to justice. Pulitzer Prize–winner James B. Stewart shows for the first time how four of the eighties’ biggest names on Wall Street—Michael Milken, Ivan Boesky, Martin Siegel, and Dennis Levine —created the greatest insider-trading ring in financial history and almost walked away with billions, until a team of downtrodden detectives triumphed over some of America’s most expensive lawyers to bring this powerful quartet to justice. Based on secret grand jury transcripts, interviews, and actual trading records, and containing explosive new revelations about Michael Milken and Ivan Boesky written especially for this paperback edition, Den of Thieves weaves all the facts into an unforgettable narrative—a portrait of human nature, big business, and crime of unparalleled proportions.
Category: Business & Economics

Buffett

Author : Roger Lowenstein
ISBN : 9780715640029
Genre : Biography & Autobiography
File Size : 33.76 MB
Format : PDF
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Starting from scratch, simply by picking stocks and companies for investment, Warren Buffett has amassed an astonishing fortune - a net worth of $64 billion and counting. His awesome investment record has made him a cult figure popularly known for his seeming contradictions: he is a billionaire with a modest lifestyle, a phenomenally successful investor who eschews the revolving-door trading of modern Wall Street, a brilliant dealmaker who cultivates a homespun aura. Journalist Roger Lowenstein draws on three years of unprecedented access to Buffett's family, friends and colleagues to provide this definitive inside account of the life and career of a true American original. He explains Buffett's investment strategy - a long-term philosophy grounded in buying stock in companies that are undervalued on the market and hanging on until their worth invariably surfaces - and shows how it is a reflection of the character of the man himself. And in a brand new afterword, in the wake of the news that Buffett has decided to give the bulk of his fortune to the Bill and Melinda Gates foundation, Lowenstein reflects on the largest charitable donation in American history.
Category: Biography & Autobiography

Hedgehogging

Author : Barton Biggs
ISBN : 1118044819
Genre : Business & Economics
File Size : 89.4 MB
Format : PDF, Docs
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Rare is the opportunity to chat with a legendary financial figure and hear the unvarnished truth about what really goes on behind the scenes. Hedgehogging represents just such an opportunity, allowing you to step inside the world of Wall Street with Barton Biggs as he discusses investing in general, hedge funds in particular, and how he has learned to find and profit from the best moneymaking opportunities in an eat-what-you-kill, cutthroat investment world.
Category: Business & Economics

Origins Of The Crash

Author : Roger Lowenstein
ISBN : 1594200033
Genre : Business & Economics
File Size : 87.68 MB
Format : PDF
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A financial journalist presents an analysis of the stock market and economics of the 1990s, examining the causes of the crisis and discussing the collapse of Enron, the dot-com bubble, and the accounting scandal and Andersen.
Category: Business & Economics