Categories
Books

Book: When Genius Failed: The Rise and Fall of Long-Term Capital Management


The quick rise and fall of an enormous hedge fund, staffed by smart guys and Nobel economists. It had to be rescued to prevent a possible global financial meltdown and its fall demonstrated the fallacy of the Efficient Markets Hypothesis. And it all turned out to be just a sampler of what was to come in 2008. Hooray!

Leave a Reply

Discover more from krondo

Subscribe now to keep reading and get access to the full archive.

Continue reading